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The Hidden Risk of Success: When Wealth Changes the Conditions that Form Character
What if success itself is the greatest hidden risk to your family’s legacy?
In this compelling whitepaper, The Hidden Risk of Success: When Wealth Changes the Conditions that Form Character, authored by Michael J. Offenheiser, a critical but often overlooked challenge is revealed: financial success can unintentionally erode the very traits—discipline, resilience, and purpose—that built it.
While many families focus on trusts, governance, and tax strategies, this paper makes a powerful case that structures alone aren’t enough. With research showing that 70% of wealthy families lose their wealth by the second generation, the real differentiator is not financial planning—but intentional character formation.
Discover how successful families break the cycle by cultivating responsibility, gratitude, and sound judgment in the next generation—through meaningful work, service, and guided independence.
Read the Full Whitepaper
About Brown and Streza
Brown and Streza LLP is a law firm providing integrated legal services in tax, estate, trust, real estate, business, business succession planning, and charitable planning, including representing non-profits and religious organizations. Located in Orange County, California, we serve families, businesses, entrepreneurs, philanthropists, and charitable organizations, focusing on helping closely-held businesses and their owners achieve their goals. For more information, please visit our website.
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The need for fact-based reporting of issues important to family offices and successful families and protecting a lifetime of savings has never been greater. Now more than ever, family offices and successful families are under fire. That’s why Family Enterprise USA Action is passionately working to increase the awareness of issues important to family offices and successful families, while continuing to strengthen our presence on Capitol Hill.
Family Enterprise USA Action engages with legislators on Capitol Hill on behalf of family offices, successful families, and family-owned businesses. It is focused exclusively on the critical tax and economic policies that impact them. Since 1995, FEUSA Action has been the leading advocacy group working daily in Washington, D.C., to reduce and eliminate estate tax, gift tax, and generation skipping transfer tax while blocking increased income and capital gains taxes, the creation of a wealth tax, and other hostile policies that punish hardworking taxpayers and success in the U.S. It is a bipartisan 501.c4 organization.
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