Skip navigation

Seven Tips For Managing Sibling Wealth Disparity

Resources

It’s often not necessarily wealth disparity that causes sibling conflict; rather, the values, history and behavior related to the wealth are at issue

The starting point for dealing with wealth disparity is having a common understanding of what family means for this generation and developing a shared vision for how to be a family in the future. This shared vision, based on the identification of shared values and expectations, should provide insight into the following questions: 

  • What does it mean to be a close, multi-branch family?
  • How close to or involved with each other do we want to be?
  • To what extent should we be able to rely on each other emotionally, financially and socially?
  • What is our shared mission as a multi-branch family? 
  • Do we have one? 

If siblings can answer these questions in ways that are compatible with each other, they will have a strong foundation. Here are 7 practical steps clients can take to manage sibling wealth disparity. 

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish