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Doug Freeman and Lee Hausner
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General Session Session
April 21, 2017 | 1:00 PM

The Legacy Family - A Family for the Generations

We know the names of many financially successful but failed families. Their heirs are in the press for drugs or alcohol abuse, squandering their inheritance, multiple divorces, severed parental or sibling relationships, clinical depression and even suicides.

How is it, then, that other equally financially successful families have been able to perpetuate their success, while raising productive, contributive, and caring descendants, for three to four and even five generations after the wealth was created? Was it genetics? parenting? luck? Your family, clients, or donors may not be Rockefellers. But all of us wish for hard working, highly educated, strongly motivated and self-sufficient children and grandchildren, who care about their family and their community and who add value to society.

We call these families “Legacy Families”. Our program will focus how these families have organized themselves and prepared their descendants to become competent, connected, and caring individuals and members of the family.

 

Douglas Freeman
Executive Chair and CEO of Orange County Music and Dance
Stanford University; UCLA School of Law; University of San Diego (postgraduate)

Doug Freeman currently serves as founding Executive Chair and Chief Executive Officer of Orange County Music and Dance, a public charity created in 2016 and located in Irvine, California. OC Music and Dance, as it is more commonly known is the first and only nonprofit community school in Orange County, offering a comprehensive program in music (piano, string, woodwinds and guitar), dance (including ballet, jazz, contemporary and musical theater), voice (including children’s chorus as well as individual training), film and theater, along with adult programs in health and wellbeing (including tai chi and yoga).

 

From 2008 until his retirement at the end of 2016, Doug served as Executive Vice President and Director of Consulting for First Foundation Bank. In that role, For approximately 18 months, he also served as Director of Trust Services. During his tenure at First Foundation, Doug provided strategic planning and organizational management advice for business, public charities, private foundation, and family clients.

From 1970 until 2008, Doug practiced as a tax attorney. In 1976, he co-founded the Los Angeles based law firm that became known as Freeman, Freeman & Smiley, LLP. From 2005 through 2008, he was recognized by Worth magazine as among the 100 top attorneys in the United States. In 1999, Dug was featured by Bloomberg Financial as one of the nation’s leading estate planning attorneys.

In 1981, Doug began a five year effort to establish a day to honor and recognize individuals, families, and businesses for their generosity of time, talent and treasure. In 1986, this effort culminated in the creation of National Philanthropy Day, passed by Congress and signed by President Ronald Reagan. That day is celebrated in every state and in most metropolitan areas, as well as Canada and Mexico.

Doug currently serves as a board member of three private foundations, two of which he chairs and is CEO. Over his long career, he served as board member on over a dozen public charities, and as chairman of several, and is Life Director of both the California Institute of the Arts and Orange County’s Pacific Symphony. More recently, Doug was Chairman of the Board of Trustees for the University of California, Irvine Foundation and later chaired its successful $1 billion capital campaign.

For several years, Doug served as Adjunct Professor of Law at the University of California, Irvine School of Law, where he taught a course entitled Organization, Management and Tax Aspects of Public Charities and Private Foundations. He has authored two books, and co-authored a third book with Dr. Lee Hausner, entitled The Legacy Family… The Definitive Guide to a Successful Multigenerational Family, published by Palgrave, then an affiliate of Macmillan & Company.

 

Lee Hausner, Ph.D.
Senior Vice President – Family Enterprise
First Foundation Bank

Dr. Hausner, an internationally recognized clinical psychologist and business consultant, provides family consulting services. These services include assisting families in learning effective
communication and conflict resolution skills, facilitating family retreats, resolving generational issues and increasing each family member’s one to one personal effectiveness. Her facilitation
skills and tools provide families the opportunity to support and successfully create long term financial and personal goals.

Dr. Hausner co-founded a nationally recognized consulting group dealing with the unique problems confronting families involved in a family business and/or high net worth families of wealth that
became First Foundation Advisors. She incorporated a unique six-step transition model for effective succession of family businesses in the critically acclaimed family business resource book, “Hats
Off To You 2...Balancing Roles and Creating Success in Family Business Succession”. Previously Dr. Hausner served 19 years as the senior psychologist for the Beverly Hills Unified School District.

Dr. Hausner authored the seminal work regarding wealth and the family, “Children of Paradise... Successful Parenting for Prosperous Families” and co-authored “Homework Without Tears...A Parent’s
Guide to Motivating Children to do Homework and Succeed in School”. She has co-authored with Douglas K. Freeman, J.D., L.LM, their latest book, “Legacy Families...The Definitive Guide to Creating a Successful Multi-generational Family” and an earlier book “A Founder’s Guide to the Family Foundation”.

Dr. Hausner is a frequent guest on national media and has been a quoted expert in national publications such as The Wall Street Journal, Time, Forbes, Fortune, Town and Country, Privilege, The Robb Report and a contributing writer for Worth magazine. She has been a presenter at the World Economic Forum in Davos, and high net wealth/private client conferences. In addition, she has established a
reputation as a well- regarded keynote speaker and seminar leader. She has been a highly-rated resource to YPO, WPO and CEO for the past 17 years.

Dr. Hausner is a graduate of Northwestern University (B.A., Psychology), San Francisco State University (M.A., Psychology), and Kensington University (Ph.D., Psychology).

 

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