Evana Lithgow is a psychologist with 19 years’ experience. She is the managing partner of Working Minds, a boutique practice focused on succession, transition, change, and growth. Having grown up in a


successful family business, Evana brings a unique mix of deep expertise, practical insights, and human-centred solutions to her clients.


Evana Lithgow: When speaking with children about wealth can be better to think in stages, rather than ages. In that sense it is never too late to start. Broaching the subject need not be all doom and gloom either. Over the years I have seen families invent some great ways to engage with children, from making books of wisdom for their children, to developing rites of passage experiences for certain ages, and creating family events such as cousin camps and family dinners.


AT WHAT AGE SHOULD YOU BEGIN TO SPEAK TO SCHOOL AGE CHILDREN ABOUT GREAT WEALTH? EL: Starting conversations with children about wealth is very much dependent on the child, the family, and their context. That said there is a lot that family, carers, and advisers can do to set these conversations up for success when the ‘time is right’. It might sound basic, but the fundamentals of communication and parenting really apply, such as building a strong relationship and understanding of one another. Understand and appreciate the personality and interests of your child and how these are similar or different to you. Agree with other parental figures and guardians,


Talking to your children about wealth can be enjoyable and preparing them can be fun, but there are serious considerations too. Next gens and family experts Sandy Loder and Evana Lithgow share a host of useful tips and insights


carers, family members, and advisers how the parents of the child would like the topic approached and why, so that everyone can be ‘on the same page’. Ensure there is regular connection and


conversation time so that opportunities from both sides can be leveraged. This might include telling a little more of your family, or personal, story or your child asking you a question about something previously discussed.


SHOULD THIS BE DONE BY PARENTS OR SOMEONE WITH SPECIFIC SKILLS? EL: There are real benefits in having more than one person or ‘type’ of person involved in conversations about family wealth. The trick is


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