The purpose of the family meeting is to communicate openly, either in very general or specific terms, your current financial standing, your level of annual spending, and whether there might be a surplus that would pass to heirs at your death. You can also use this venue to express any desires, hopes, and dreams for how they might choose to use any money that may come to them at your passing.
Much has been made of the rise and power of a new clan of retail investors. This new type of ‘investor’ has been bred by the pandemic and shutdowns. They have lots of time and extra cash on hand courtesy of government stimulus checks and canceled vacations and activities. When you combine those factors with low to no commission trades, easily accessible trading apps, and a rising stock market, you have all the necessary ingredients for a classic bubble in select stocks.