In this episode, explore what it means to manage wealth effectively across generations. Whether you’re creating a new estate plan or rethinking an existing structure, wealth management is about more than tax strategy—it’s about aligning your financial assets with your personal values, goals and relationships.

Our guests bring a unique blend of professional expertise and lived experience to the conversation. Jack Terrill is an estate attorney who has spent decades helping families navigate complex legal structures and succession planning. Kate Gardner, a next-gen inheritor and leader of Magnify, shares how she’s approached her own wealth journey with purpose, stewardship and a commitment to personal growth. Together, they offer a 360-degree view of managing wealth in a way that empowers families today—and strengthens their legacy for tomorrow.

In This Episode, You Will Learn:

• [07:50] Goal setting and aligning wealth with your values
• [12:32] Understanding estate planning essentials
• [18:17] Choosing the Right Trustees
• [22:35] Structuring Gifts for Responsibility
• [28:04] Family office structure options

Want to continue the conversation?

• More on Northern Trust’s Secrets of Enterprising Families
• More on Jack Terrill
• More on Kate Gardner
• Reach out to your Northern Trust advisor

Remember to subscribe to Secrets of Enterprising Families to stay connected as we dive deeper into the strategies that empower families to manage wealth across generations. Don’t miss our next episode, where we’ll turn our attention to wealth planning for executives—including how to evaluate new or expanding roles, navigate transitions, and manage the ongoing financial decisions that come with executive leadership.

In this episode, we explore the critical role that the rising generation plays in a family business. Succession is not just about the strength of the current management team—it also depends on how well the next generation is prepared, engaged, and developed as future leaders, from building credibility and experience to navigating difficult family dynamics and governance responsibilities.

Our guest, Meghan Juday, Chair of the Board at Ideal Industries, brings firsthand experience navigating the challenges of stepping into governance and leadership roles within a multigenerational family business. Meghan shares insights on overcoming imposter syndrome, earning credibility and ensuring rising gen members contribute meaningfully—whether actively involved in day-to-day operations or as a board member, owner or trustee.

In This Episode, You Will Learn:

• (03:14) Preparing to Join the Family Business
• (13:09) Effective Governance and Risk Management
• (17:46) Challenges of Family Business Transitions
• (28:02) Advice for Rising Gen Leaders

Want to continue the conversation?

• More on Northern Trust’s Secrets of Enterprising Families
• More on Meghan Juday
• Reach out to your Northern Trust advisor

Remember to subscribe to Secrets of Enterprising Families to stay connected as we dive deeper into the strategies that empower families to manage wealth across generations. Don’t miss our next episode, where we’ll shift the focus to managing wealth for success—exploring the key principles, strategies, and decisions that help families sustain and grow their wealth over time.

In this episode, hosts Eric Czepyha and Nike Anani dive into the challenges and opportunities of business succession and wealth planning. They explore the complexities of ownership transitions, long-term financial planning, and the importance of engaging the next generation to ensure a business’s success across generations.

Our guest, Gina Staudacher, a tax lawyer with deep expertise in business transitions and succession planning, brings both personal experience and professional insight to the conversation. She shares strategies for structuring ownership, preparing for transitions, and balancing family dynamics with business priorities to create a lasting legacy.

In this episode, you will learn:

• (04:33) Why long-term planning is essential for business owners
• (11:21) Engaging the next generation
• (13:53) Balancing family and business priorities
• (18:29) To sell or not to sell?
• (20:05) Building a strong leadership team

Want to continue the conversation?

• More on Northern Trust’s Secrets of Enterprising Families
• More on Gina Staudacher
• Reach out to your Northern Trust advisor

Remember to subscribe to Secrets of Enterprising Families to stay connected as we dive deeper into the strategies that empower families to manage wealth across generations. Don’t miss our next episode, where we’ll shift the focus to the rising gen - exploring their evolving roles, how they can prepare for leadership, and what it takes to step into ownership successfully.