{"id":2052,"date":"2026-05-05T21:51:51","date_gmt":"2026-05-06T01:51:51","guid":{"rendered":"https:\/\/ditchtheestatetax.com\/?p=2052"},"modified":"2026-05-05T21:51:52","modified_gmt":"2026-05-06T01:51:52","slug":"why-70-of-family-wealth-disappears-by-gen-2","status":"publish","type":"post","link":"https:\/\/ditchtheestatetax.com\/?p=2052","title":{"rendered":"Why 70% of Family Wealth Disappears by Gen 2"},"content":{"rendered":"
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Tell Congress Where You Stand – Act Now<\/h2>\n<\/div>\n
Urge your representatives to support family-owned businesses by joining the Congressional Family Business Caucus today.<\/a><\/div>\n<\/p><\/div>\n
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\t\t\t\t\"Michael<\/span>\n\t\t\t<\/div>\n<\/p><\/div>\n

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By Michael J. Offenheiser<\/a><\/strong>
Partner
<\/em>Brown & Streza<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

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The Hidden Risk of Success: When Wealth Changes the Conditions that Form Character<\/strong><\/h2>\n

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What if success itself is the greatest hidden risk to your family\u2019s legacy?<\/strong><\/em><\/h3>\n

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In this compelling whitepaper, The Hidden Risk of Success: When Wealth Changes the Conditions that Form Character, authored by Michael J. Offenheiser, a critical but often overlooked challenge is revealed: financial success can unintentionally erode the very traits\u2014discipline, resilience, and purpose\u2014that built it.<\/p>\n

While many families focus on trusts, governance, and tax strategies, this paper makes a powerful case that structures alone aren\u2019t enough. With research showing that 70% of wealthy families lose their wealth by the second generation, the real differentiator is not financial planning\u2014but intentional character formation.<\/p>\n

Discover how successful families break the cycle by cultivating responsibility, gratitude, and sound judgment in the next generation\u2014through meaningful work, service, and guided independence.<\/p>\n<\/div><\/div>\n

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Read the Full Whitepaper<\/h2>\n<\/div>\n
Click Here<\/a><\/div>\n<\/p><\/div>\n
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\"Why<\/p>\n

About Brown and Streza
<\/strong>Brown and Streza LLP is a law firm providing integrated legal services in tax, estate, trust, real estate, business, business succession planning, and charitable planning, including representing non-profits and religious organizations. Located in Orange County, California, we serve families, businesses, entrepreneurs, philanthropists, and charitable organizations, focusing on helping closely-held businesses and their owners achieve their goals. For more information, please visit our website.<\/p>\n<\/div><\/div>\n

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We hope you\u2019ve enjoyed this article. While you\u2019re here, we have a small favor to ask\u2026<\/h4>\n

As we prepare for what promises to be a pivotal year for America, we\u2019re asking you to consider becoming a supporter<\/a>.<\/p>\n

The need for fact-based reporting of issues important to family offices<\/a> and successful families<\/a> and protecting a lifetime of savings<\/a> has never been greater. Now more than ever, family offices<\/a> and successful families<\/a> are under fire. That\u2019s why Family Enterprise USA Action<\/a> is passionately working to increase the awareness of issues important to family offices<\/a> and successful families<\/a>, while continuing to strengthen our presence on Capitol Hill.<\/p>\n<\/div><\/div>\n

\n\t\t\t\tAre you an Family Enterprise USA Action Supporter? If not, we could use your help today!!!<\/a>\n\t\t\t<\/div>\n
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Family Enterprise USA Action engages with legislators on Capitol Hill on behalf of family offices<\/a>, successful families<\/a>, and family-owned businesses<\/a>. It is focused exclusively on the critical tax<\/a> and economic policies that impact them. Since 1995, FEUSA Action has been the leading advocacy group working daily in Washington, D.C., to reduce and eliminate estate tax<\/a>, gift tax<\/a>, and generation skipping transfer tax<\/a> while blocking increased income and capital gains taxes<\/a>, the creation of a wealth tax<\/a>, and other hostile policies that punish hardworking taxpayers and success in the U.S. It is a bipartisan 501.c4 organization.<\/p>\n

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#incometax #CapitalGainsTax #R&DExpensing #DontPunishSuccess #GrantorTrusts #likeKindExchanges #AcceleratedDepreciation #EstateTax #Deathtax #wealthtax #taxLegislation #incometaxrates #repealestatetax #FamilyOffice #SuccessfulFamilies @PolicyAndTaxationGroup @DitchTheEstateTax #PolicyAndTaxationGroup #DitchTheEstateTax #FamilyEnterpriseUSAAction<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

The post Why 70% of Family Wealth Disappears by Gen 2<\/a> appeared first on Family Enterprise USA Action<\/a>.<\/p>\nPolicy and Taxation Group (PATG) is dedicated to the ultimate repeal of estate tax (death tax), gift and generation-skipping transfer (GST) taxes, and the elimination of the destructive effect those taxes have on families, family businesses, generationally owned businesses, and multigenerational businesses, job creation, the national economy, and government revenues. Since 1995, Policy and Taxation Group has been a highly effective voice of families, family businesses, generationally owned businesses, and multigenerational businesses in the fight against the estate tax (death tax). Providing research, polling, expertise, and employing effective lobbying strategies. Policy and Taxation Group is the only organization exclusively dedicated to the repeal of the gift tax, estate tax (death tax) and generation skipping tax.\r\n\r\n@FamilyEnterpriseUSA @PolicyAndTaxationGroup @DitchTheEstateTax #FamilyBusiness #Business #SmallBiz #EstateTax #Deathtax #CapitalGainsTax #StepUpInBasis #Taxes #gifttax #Generationskippingtax #InheritanceTax #repealestatetax #promotefamilybusinesses #taxLegislation #AdvocatingForFamilyBusinesses #incometax #Generationallyowned #Multigenerationalbusiness","protected":false},"excerpt":{"rendered":"

Tell Congress Where You Stand – Act Now Urge your representatives to support family-owned businesses by joining the Congressional Family Business Caucus today. By Michael J. OffenheiserPartnerBrown & Streza The Hidden Risk of Success: When Wealth Changes the Conditions that Form Character \u00a0 What if success itself is the greatest hidden risk to your family\u2019s […]<\/p>\n","protected":false},"author":25,"featured_media":2053,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"xn-wppe-expiration":[],"xn-wppe-expiration-action":[],"xn-wppe-expiration-prefix":[],"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","content-type":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[8],"tags":[27,14,18,17,12,16,13,10,29,22,21,28,23,30,11,25,24,15,19,20,26],"class_list":["post-2052","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-estate-tax","tag-advocatingforfamilybusinesses","tag-business","tag-capitalgainstax","tag-deathtax","tag-ditchtheestatetax","tag-estatetax","tag-familybusiness","tag-familyenterpriseusa","tag-generationallyowned","tag-generationskippingtax","tag-gifttax","tag-incometax","tag-inheritancetax","tag-multigenerationalbusiness","tag-policyandtaxationgroup","tag-promotefamilybusinesses","tag-repealestatetax","tag-smallbiz","tag-stepupinbasis","tag-taxes","tag-taxlegislation"],"acf":[],"_links":{"self":[{"href":"https:\/\/ditchtheestatetax.com\/index.php?rest_route=\/wp\/v2\/posts\/2052","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ditchtheestatetax.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ditchtheestatetax.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ditchtheestatetax.com\/index.php?rest_route=\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/ditchtheestatetax.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2052"}],"version-history":[{"count":1,"href":"https:\/\/ditchtheestatetax.com\/index.php?rest_route=\/wp\/v2\/posts\/2052\/revisions"}],"predecessor-version":[{"id":2054,"href":"https:\/\/ditchtheestatetax.com\/index.php?rest_route=\/wp\/v2\/posts\/2052\/revisions\/2054"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ditchtheestatetax.com\/index.php?rest_route=\/wp\/v2\/media\/2053"}],"wp:attachment":[{"href":"https:\/\/ditchtheestatetax.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ditchtheestatetax.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ditchtheestatetax.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}