Meet Katie Burden, Diana’s god-daughter and the beneficiary of a multi-generational trust. As someone who has struggled with mental health issues, eating disorders, and substance abuse, Katie has advice for our listeners on what to consider when interacting with people who have similar situations such as hers. Tune in as Katie gives experience-based advice to parents, family members, and trust officers on how to deal with people who struggle with similar issues.
In This Episode:
- [01:43] Meet Katie and learn about her journey in recovering to a healthier state.
- [11:58] Katie’s turning point and how wealth and money played a helpful role in getting the help she needed.
- [18:16] What parents of generational wealth whose children are going to be trust inheritors can do better.
- [23:19] How trust officers that see the expenses of the beneficiaries can openly communicate odd behaviors to the families.
- [24:54] Advice on what to consider when interacting with people who had similar situations such as hers.
- Conversations as much as consequences can help teenagers and young adults understand their current state and pave their way to becoming better.
- Just because you can financially take care of yourself, doesn’t mean that you don’t need a community or a network of support.
- Families should work on communicating with their children. Having open and honest communication is crucial.
- Put parameters around the wealth that your children are going to inherit.
- Make sure to have other adults in the lives of your children that might help see things more clearly.