The Scott Advisory helps families answer three core questions:
What is the value of health
and wellness for your family?
How can wealth be used to enhance & preserve the health and overall wellbeing of each family member?
How can your family outperform its health legacy?
Building Sustainable Family Legacies
Over the next 20 years, $30 trillion dollars could be transferred from the current generation of high net worth families to the next, making multigenerational planning a high priority. Traditionally, families will create a network of advisors to guide this process, ranging from estate planners to to financial advisors. Unfortunately, many families neglect a core part of creating a sustainable multigenerational legacy.
Along with planning for the financial inheritance, of growing importance is the transfer of emotional inheritance, or passing down and preserving core family values. One of these core values is health. Family health is an asset that can't be passively managed; it requires active engagement across generations. Whether a family is managing concerns at the beginning of life (such as prenatal genetic screening) or issues that appear at the end of life (such as healthcare Power of Attorney), it's critical to have the best guidance to navigate these complex issues.
The Scott Advisory works with families to bridge the gap between family members and the best care modalities available today. From advanced preventive care management to aggressive pursuit of the latest treatment options, Dr. Scott provides a critical link in a family's network of professional advisors.
Families share a common legacy, built on their health histories, shared decisions, and ingrained beliefs about wellness. For many families, this legacy is passed down through long, healthy lives. For some, it may be marked by years of slow decline, tarnished by the limitations associated with poor health, impairment and premature disability. For other families, it may even be marked by the early death of family members suffering from untreated chronic disease.
Family health legacies aren’t written in stone; they can be sculpted with the right choices. All families have the opportunity to build a sustainable platform that provides future generations with healthy body and mind.
Views on health have evolved substantially in recent decades. While good health was once viewed as a static goal to be achieved, health experts now see it as the dynamic, continual pursuit of wellness. Optimal health isn’t any individual activity or metric; it’s a fundamental shift in a person’s perspective, influencing every choice they make in life.
Healthy choices are often compromised as families deal with the busy realities of life, and good intentions can quickly become derailed. Optimal wellness requires a new type of thinking, and requires families to look beyond long-established habits and deeply-ingrained lifestyles. Behaviors that form an inherent part of everyday life are the hardest the change, but the first step is to consciously recognize them. And that begins with family leaders. Family leaders are the cornerstone of future generations.
These leaders have a unique opportunity to shape their personal health and the health of their loved ones in ways that resonate at a deep level. According to a recent study (Edelman Health Barometer, 2011), family and social environments play as strong a role in an individual’s health as regular visits to a physician (according to two-fifths of respondents). These connections also play a substantial role in influencing a person’s nutrition, with over a third of study participants stating that spouses, friends and loved ones had a direct impact on their dietary choices.
You are a role model for your spouse, your children and many other family members. While not always visible, family members have a mutual effect on each other’s health. Health practices, both good and bad, are infectious, and have a powerful impact on influencing the decisions of others. Whether you take an active role in managing your health, or passively accept what may come, your choices influence those who you care about most.
It’s the responsibility of all family members, particularly those in leadership roles, to recognize the influential power of their health and wellness choices. And the reverse is true too. Without ongoing support from family and friends, it can be very difficult to initiate and maintain healthy, sustainable behaviors. Wellness is a collaborative, whole-family effort.