Family offices · Podcast

Dr. Daniel Crosby - The Psychology of Wealth Transfer and Why Inheriting Wealth Changes More Than Just a Balance Sheet

For wealth professionals working with families through wealth transfer, the episode frames inheritance as more than a balance sheet event. It highlights psychological and relational factors that may shape how heirs understand and handle received wealth.

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Summary

By the family offices desk

Dr. Daniel Crosby discusses the psychology of the coming Great Wealth Transfer, focusing on qualitative rather than purely financial aspects of inheritance. The episode examines how heirs can be prepared for their relationship with wealth and why multi-generational preservation depends on more than investment performance. It also introduces concepts including four invisible inheritances, behavioral capital and relational capital.

The episode asks why wealth should be considered in more qualitative terms ahead of the Great Wealth Transfer.
It discusses preparing heirs to understand their newfound relationship with wealth.
It raises the idea of four invisible inheritances that accompany inherited wealth.
It asks about psychological differences between earned wealth and received wealth.

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