Managing the over-privileged children and the challenges they present can be complex—various experts may be needed throughout the process. We see an expanding set of professionals these days who are focused on helping wealthy families deal with problems when they arise. Psychiatrists, psychologists, clinical social workers, family consultants, family business consultants, and life coaches can all be valuable resources. According to Babette Campbell, Business Management and Family Office Services Director at Armanino LLP, “Understanding the heart of these sensitive family issues is essential. Communication has to be on point to achieve the desired result. It requires trust, honesty and discretion.”
