It’s referred to as ‘shirtsleeves to shirtsleeves.’ As David Krauss, director of Commerce Trust Company’s Family Office division, explains, studies have shown that about two-thirds of high-net-worth families lose their wealth by the third generation. “The first generation earns it, the secon…

It’s common custom to sit down with an attorney to plan a will and determine how your assets will be distributed after your passing. You want to make sure the objectives for your wealth are fulfilled, even if you are not there to oversee them. Establishing a relationship with a trust company…