People are often more purposeful and intentional with their business decisions than they are with their relationships.

What is important to your family? How do those values inform decisions about how you allocate your personal time and family resources?

Ken Weigel is a strategic advisor. He returns for the second part of a two-part episode of Success That Lasts to discuss family engagement planning and the positive impacts it can have with Jared Siegel.

Tune in here, at delapcpa.com/podcast, or wherever you listen to podcasts:

Here are a few highlights from their conversation:

• “So many of us find ourselves just being reactive with the people that we love most,” Jared remarks. “We borrow ideas that we've observed from other families… and the challenge with that is that it's somebody else's family, somebody else's values, somebody else's solutions. When we apply somebody else's solutions to our own life, they may or may not render the outcomes that we're looking for.”
• A lack of clarity and communication about how a family plans to allocate their resources can cause tension in their relationship.
• When we talk about heir readiness and preparation, it’s more than just financial literacy. It involves a holistic approach to all of the capitals that matter to a family.
• Ken begins family engagement planning by looking at a family’s values. “Values then get to inform really great decisions around how we spend those really key investments of both resources and time,” he adds.
• People are often more purposeful and intentional with their business decisions than they are with their relationships, Jared comments. It’s rare that someone actually takes the time to be proactive about determining what matters most and creates a strategy to protect that.
• Ken shares stories of his experiences with assisting families. “The intentionality about saying ‘Where do we invest our resources financially, socially, and relationally?’ [is admirable]. It’s an honor to be able to help put ideas on paper and make a plan for these families.”