Frequently Asked Questions
Something transmitted by or received from an ancestor or predecessor or from the past
What is your Legacy transfer process?
Imagine your best-ever family vacation. Then imagine infusing that experience with discussions of shared values and shared vision, discussions that are designed to forge agreement on how your family’s legacy will be managed into the future. Discovery will help us zero in on the story you want to hand down. The experience will be memorialized with a written narrative, photos and a commemorative video.
Why do this in a shared experience? Why not just have a family meeting?
For our process to achieve the maximum, intended impact, it needs to go beyond the four walls of a sterile conference room. Sharing an experience in a beautiful location engages all five senses, which adds to the power of the memories you make together and – our research shows – memory is strongly affected by time and place. We believe that the best way to communicate, enhance and celebrate the legacy you wish to pass on isn’t to just talk about them, but to do so while sharing unforgettable moments together. Plus, it’s more fun this way.
Why should we choose Freestone Solutions Group?
We’ve experienced the power of a shared family experience first-hand and have seen the impact of its lasting legacy. These kind of experiences influenced our professional lives over the decades. We will simply help you create one of these for your family that’s rooted in the values inherent to your legacy. In our careers, we’ve also seen the power shared values have to galvanize a group and help them reach their goals.
How long does this take?
The shared experience itself typically lasts four to six days. The time required for the overall process, from the beginning of Discovery through to completion, is dependent on availability of lodging, event scheduling and your personal schedule.
What do Legacy and Leadership have to do with each other?
We believe our Legacy process helps a family’s leader shape the family’s future direction. Because we’ve spent our previous careers developing leaders in the work place, we’ve seen the legacy that great leaders can leave, whether that’s for a platoon, battalion, corporate department or restaurant. The methods and approaches to helping leaders impart lasting habits, culture and spirit to Marines or employees are universal to both legacy transfer and leadership development, and we use a similar values-based approach for both.
How do you handle challenging family members?
We have a great deal of experience facilitating discussions that can become emotional. We also know how to design events so that they remain within a wide range of physical limitations. The Discovery process will help us create an experience that takes into account specific challenges, but we also realize this service may not be right for every family.
What happens after the shared experience?
We will memorialize the experience with photos, a written narrative and a commemorative video. These items will be stored in a shared memory vault that will aid in recall for participants and provide a legacy statement for future generations. We also offer options for refresh/renew ranging from DIY coaching to running events that are triggered by family milestones.
Are you family therapists? Are you financial advisors?
We’re neither. We act as facilitators to help you transfer the values embedded in your legacy. We assist and help you draw the map for your journey, and we do so without judgement. Our process is intended to communicate, enhance and celebrate the legacy you wish to pass on. And, while we’ll partner with financial advisors to provide a complementary service, we are not financial advisors and we do not offer financial advice.
Isn’t this Legacy stuff kind of touchy-feely?
If a family leader is serious about what they leave behind beyond wealth, our belief is that the best chance for success is for those that follow to understand the family stories, culture and values of that leader. Studies have indicated that a vast majority of the time, most family wealth disappears by the second generation. The same studies indicate that this frequent occurrence is more often due to inter-family distrust and shallow communication than to financial decisions. So, if there doesn’t exist a shared understanding of core values that can live on, it may be more than wealth that disappears, it may be your legacy. For future generations, having a common language to communicate, a common history to share and a common North Star to guide their actions will increase the chances that your legacy will live on 20, 50 or 100 years from now.
As to our approach, shared mental models and shared memory are well-researched concepts that we’ve used in business and military careers. The real-world application of these concepts produced results we’ve seen first-hand, and our process is based on the same winning formula that evolved through countless trial and error, feedback and improvement.
How much does it cost?
Every family’s experience will be unique and specifically designed for them. We will need to perform the Discovery step of our process before we can provide a cost estimate.
How do you handle sensitive family information?
We practice strict confidentiality with your family’s information. We do not need, nor do we ask for, sensitive financial information. All other inputs and outputs of our process will be handled in accordance with our security protocols. Your family’s Memory Vault will be password protected (we also offer a completely offline option for the Memory Vault).
One does not ‘manage’ people. The task is to lead people. And the goal is to make productive the specific strengths and knowledge of every individual.
- Peter Drucker
What do legacy and leadership have to do with each other?
We believe our Legacy process helps a family’s leader shape the family’s future direction. Because we’ve spent our previous careers developing leaders in the work place, we’ve seen the legacy that great leaders can leave, whether that’s on a platoon, battalion, corporate department or restaurant. The methods and approaches to helping leaders impart lasting habits, culture and spirit to Marines or employees are universal to both legacy transfer and leadership development, and we use a similar values-based approach for both.
How much do your leadership programs cost?
We offer a full suite of options ranging from leadership retreats, in person presentations and program development based on an organization’s needs. Cost would be dependent on the specifics revealed in an initial discovery conversation and we invite you to contact us for more information.
Why choose Freestone Solutions Group for your leadership needs?
Collectively, we have over five decades of experience in the arena of leadership. Both in the Marines and the hospitality industry, we’ve designed, led and executed multiple leadership development initiatives. We’ve taken our leadership research and study to the practical level and seen our programs flourish from front-line Marines and employees to officers and general managers.