https://www.fidelity.com/viewpoints/wealth-management/relationship-capital

DR. TIMOTHY HABBERSHON, FIDELITY CENTER FOR FAMILY ENGAGEMENT

How much capital does your family have? Is there enough to secure a stable and happy future for you and your children, or even your children’s children?

For anyone dealing with wealth transfer concerns, these are likely familiar questions. But what many families often fail to see is the opportunity to build “relationship capital” through engaging conversations—a more intangible but equally important step to incorporate when you are establishing your family’s wealth planning goals, according to Tim Habbershon, Managing Director at Fidelity.

Here, Habbershon discusses 4 guiding principles to help build relationship capital in a family: