CHAPTER 5The Big Reveal
Confirmation
Most young adults in families with significant wealth go through something like what's called in the field “the talk” or even more dramatically “the Big Reveal.”
In the stereotypical version, the 18- or 21-year-old is ushered into a lawyer's or wealth manager's office. The professional may begin with a few pleasantries and questions about school or work or travels. Then, after a pause and a bit of throat-clearing, the lawyer or financial adviser will say that the adult child's parents thought it important that he or she know certain things and from there launch into a speech about how the family has enjoyed great good fortune, and that with that good fortune comes responsibilities, such as management, ...
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