Is it effective to only work with a family during triggering or participating events?

The assertion that it is effective to only work with a family during triggering or participating events is false. Effective exit planning requires ongoing engagement and communication with the family, rather than just during significant events.

Working solely during these times can lead to a lack of understanding and preparation for the broader implications of exit planning. Engaging consistently allows for better relationship building, helps clarify goals and values, and enables proactive planning for potential transitions. This ongoing collaboration fosters a deeper understanding of the family's dynamics, ensuring that all members are aligned and informed, which is crucial for the successful execution of any exit strategy.

By maintaining continuous dialogue and engagement, advisors can help families navigate the complexities of transitions, mitigating risks and maximizing opportunities well in advance of triggering events. This proactive approach emphasizes the importance of preparation and alignment throughout the entire planning process, rather than reacting only when certain events occur.