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DOUG MARKEWICH IS A FAMILY UNITY COACH WHO HELPS FAMILIES COMMUNICATE BETTER AND AVOID FIGHTING OVER FINANCIAL INHERITANCE

by Rhonda Spivak, January 3, 2018

 

 
Doug Markewich is a family unity coach, a person who works to creates trust between family members by talking about common goals and values  important to all family members, which ensures that their financial inheritance and family unity will be intact for generations. "I work with families to help them avoid fighting over financial inheritances by helping them communicate and make decisions together as a family,"he says.
 

Markewich adds that studies show that in 70% of families, both the assets and family unity are destroyed by the end of the second generation, and by the end of the third generation, 90% of families have witnessed their unity and their assets disappear.

 

Prior to becoming involved in family coaching, Markewich spent 30 years doing tax and estate planning across the country but he says "family coaching is the most rewarding work I have ever done."

 

Markewich explains that we receive and pass on two kinds of inheritance, financial and emotional. "Most people have financial advisers and estate planners to deal with financial inheritance, but not 'emotional inheritance,' which is the sum total of stories, values, life lessons, and family traditions that we need to pass on to family members in order to create family unity, such that  the financial inheritance ultimately won't be lost. 

 

Through family coaching, people can prepare their family to be able to work together, as well as play together in a way that ensures that the family and the assets you have worked so hard to accumulate can remain intact for generations, with each individual family member living a full productive life.

 

"There are a number of warning signs that may well suggest that a family will fight over its estate, such as sibling rivalry, economic disparity among beneficiaries, estrangement or disinheritance, and advanced benefit to one heir and not the others. In these circumstances, family coaching can be the only way to ensure that the core values ,traditions and life lessons  of a family will be passed on such that the heirs do not fight and ultimately squander their financial inheritance. Family coaching enables those who are passing on their financial wealth to plan for the future of their family, not just for the future of its money,"  Markewich notes.

 

Markewich, who is based in Winnipeg, is the first ever Canadian graduate of the Heritage Institute in the United States, the foremost institute for transferring family wealth and values from generation to generation. "I have the equivalent of a two year's Masters degree in Family Coaching. I am known as a Heritage Design Professional,"

 
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Rhonda Spivak, Editor

Publisher: Spivak's Jewish Review Ltd.


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