Judy Barber

When two people come together, they bring with them unique personal money histories that are often played out in the relationship. Understanding the differences and how beliefs and habits from the past often need to be worked through in the present helps couples to address and resolve:

Pre and postnuptial agreements

Provide a non-adversarial supportive environment that assists the couple in reaching an understanding that can expedite the completion of the attorney-generated agreement.
Define emotional/financial meaning and impact of the agreement on the couple's relationship.
Address and resolve the issues that balance the protection of assets with the emotional/financial needs of each person.

Marriage

Work through cash flow issues that can create distance and prevent setting priorities regarding saving, spending and investing.
Address differences in risk tolerance, balancing the uncertainty of higher returns with the safety of lower gains.
Consider the impact of income and asset disparities on the relationship and think through how to ensure a balance of power.
Look at the appropriateness of providing "safety nets" for members of the next generation who may for a time be unable to make their way in the world including how to set limits for such help.

Unique Issues Children of Wealth Face

How to save, spend, invest and be charitably-minded given the financial resources of the family during their growing up years.
Design educational opportunities in anticipation of transfers during adulthood so heirs will be effective money managers and good philanthropic stewards.
Think through if, when, and how to begin discussing the family's wealth with children.

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