<i>Think a will is enough to protect your legacy? What if it’s the fastest way to lose everything you’ve built?</i><br /><i></i><br />In this episode of <i>Executive Connect</i>, host Melissa Aarskaug welcomes Andrew Hall, estate attorney, entrepreneur, and co-founder of York Howell and COREnology™. Together, they unpack why 70% of families lose their wealth within three generations, and how that trend can be reversed.<br /><br />Andrew shares how wealth is quietly eroded through division, taxes, poor planning, and lack of purpose. He explains why a will alone isn’t enough, and how families can preserve both their money and meaning by aligning their estate plans with their core values. With real-life stories, hard truths, and a bit of humor, Andrew outlines how to build a “living legacy” that lasts, without the family drama.<br />If you’re serious about protecting what you’ve built, this episode is a must-listen.<br /><br />What You’ll Learn<br /><ul><li>Why wills and trusts often fail to preserve wealth</li><li>The four silent ways family wealth disappears</li><li>How to pass on values, not just money</li><li>Why most estate plans don’t reflect what families actually want</li><li>How to get your kids involved without creating entitlement</li><li>The one tool that helps families uncover their core values</li><li>What successful families do differently after a loved one passes</li><li>How to rebuild when wealth has already been misused or lost</li></ul>Episode Highlights:<br />(0:40) The uncomfortable truth about how wealth erodes<br />(1:36) The four major reasons wealth doesn’t make it to the third generation<br />(5:46) Why just having a will is the fastest way to lose a legacy<br />(12:31) A look inside COREnology™ and how families can define their values in 20 minutes<br />(21:19) How to shift from just preserving wealth to creating purpose<br />(27:14) What to do if your family’s wealth is already in decline<br />(33:41) The power of setting expectations early with your heirs<br />(35:09) Final advice: Why values-aligned advisors matter most<br /><br />Connect with Andrew Howell<br />Email → teamandrew@yorkhowell.com<br />Website → https://www.yorkhowell.com/<br />Book → Entrusted: Building a Legacy That Lasts<br />Values Tool → <a href="https://corenology.com/" target="_blank" rel="noreferrer noopener">https://corenology.com/</a><br /><br />Connect with Melissa Aarskaug<br /> LinkedIn → <a href="https://www.linkedin.com/in/melissa-aarskaug/" target="_blank" rel="noreferrer noopener">https://www.linkedin.com/in/melissa-aarskaug/</a><br /> Podcast LinkedIn → <a href="https://www.linkedin.com/company/my-executive-connect/" target="_blank" rel="noreferrer noopener">https://www.linkedin.com/company/my-executive-connect/</a><br /> Website → <a href="https://www.executiveconnectpodcast.com/" target="_blank" rel="noreferrer noopener">https://www.executiveconnectpodcast.com</a><br /><br /><br />

The Executive Connect Podcast

The Executive Connect Podcast

Why Most Families Lose Their Wealth by the Third Generation and How to Stop It | Andrew Howell

DEC 11, 202535 MIN
The Executive Connect Podcast

Why Most Families Lose Their Wealth by the Third Generation and How to Stop It | Andrew Howell

DEC 11, 202535 MIN

Description

<i>Think a will is enough to protect your legacy? What if it’s the fastest way to lose everything you’ve built?</i><br /><i></i><br />In this episode of <i>Executive Connect</i>, host Melissa Aarskaug welcomes Andrew Hall, estate attorney, entrepreneur, and co-founder of York Howell and COREnology™. Together, they unpack why 70% of families lose their wealth within three generations, and how that trend can be reversed.<br /><br />Andrew shares how wealth is quietly eroded through division, taxes, poor planning, and lack of purpose. He explains why a will alone isn’t enough, and how families can preserve both their money and meaning by aligning their estate plans with their core values. With real-life stories, hard truths, and a bit of humor, Andrew outlines how to build a “living legacy” that lasts, without the family drama.<br />If you’re serious about protecting what you’ve built, this episode is a must-listen.<br /><br />What You’ll Learn<br /><ul><li>Why wills and trusts often fail to preserve wealth</li><li>The four silent ways family wealth disappears</li><li>How to pass on values, not just money</li><li>Why most estate plans don’t reflect what families actually want</li><li>How to get your kids involved without creating entitlement</li><li>The one tool that helps families uncover their core values</li><li>What successful families do differently after a loved one passes</li><li>How to rebuild when wealth has already been misused or lost</li></ul>Episode Highlights:<br />(0:40) The uncomfortable truth about how wealth erodes<br />(1:36) The four major reasons wealth doesn’t make it to the third generation<br />(5:46) Why just having a will is the fastest way to lose a legacy<br />(12:31) A look inside COREnology™ and how families can define their values in 20 minutes<br />(21:19) How to shift from just preserving wealth to creating purpose<br />(27:14) What to do if your family’s wealth is already in decline<br />(33:41) The power of setting expectations early with your heirs<br />(35:09) Final advice: Why values-aligned advisors matter most<br /><br />Connect with Andrew Howell<br />Email → [email protected]<br />Website → https://www.yorkhowell.com/<br />Book → Entrusted: Building a Legacy That Lasts<br />Values Tool → <a href="https://corenology.com/" target="_blank" rel="noreferrer noopener">https://corenology.com/</a><br /><br />Connect with Melissa Aarskaug<br /> LinkedIn → <a href="https://www.linkedin.com/in/melissa-aarskaug/" target="_blank" rel="noreferrer noopener">https://www.linkedin.com/in/melissa-aarskaug/</a><br /> Podcast LinkedIn → <a href="https://www.linkedin.com/company/my-executive-connect/" target="_blank" rel="noreferrer noopener">https://www.linkedin.com/company/my-executive-connect/</a><br /> Website → <a href="https://www.executiveconnectpodcast.com/" target="_blank" rel="noreferrer noopener">https://www.executiveconnectpodcast.com</a><br /><br /><br />