John Butler is vice president and head of wealth services for Goldmoney and a consultant to Cobden Partners, an economic consultancy.
David Scott Sloan, co-chairman of private wealth services at the law firm Holland & Knight, said he encouraged clients with substantial wealth to set up committees of advisers.
"We are in uncharted territory right now," said R. Scott Johnston, partner in the private wealth services group at the law firm Holland & Knight.
Glassman Wealth Services, a McLean-based financial advisory firm, offers its workers "thinking days," an idea borrowed from former Microsoft chief executive Bill Gates.
"The first time children make decisions together about significant wealth, it is usually sometime around settling the parents' estate," said Mr. Rogerson, the director of family wealth services at BNY Mellon Wealth Management.
If you want to shield your assets, David Scott Sloan, a lawyer and co-chairman of the private wealth services group at Holland & Knight in Boston, suggests purchasing homes and other assets through a limited liability corporation.
"I see a lot of clients in that Greatest Generation who keep huge amounts in their checking accounts — $200,000, $500,000," said Meredith A. Beers, a partner at the law firm Holland & Knight's private wealth services section in Boston.
The NAB Wealth segment provides investments, insurance, financial advice and private wealth services.
At Glassman Wealth Services, we don't believe that is enough.
He had established the wealth services company in 1882, to manage the family fortune.
