Blended families took center stage in U.S. Trust’s snapshot of the high-net worth life this year, a survey of individuals with $3 million-plus in investable assets, according to Ashlea Ebeling, of Forbes .

The U.S. Trust 2014 Insights On Wealth And Worth found that the top five risks that affect overall family financial well-being are divorce, addictions, untimely death or disability of a primary income earner, medical crises and disagreements over inheritance or distribution of family assets. Nearly half (46%) of wealthy families in the study had experienced a change or disruption in the family dynamic, following a divorce, loss of a spouse or partner and subsequent remarriage and blending of families.

“The modern American family is more diverse than ever, and the complexities create new challenges for individuals and advisors,” said Chris Heilmann, chief fiduciary executive at U.S. Trust, announcing the survey.

There are nearly 1.8 million households in the U.S. with $3 million or more of investable assets, including 950,000 households with $3 million to $5 million, 600,000 households with $5 million to $10 million and 250,000 households with more than $10 million. The survey’s 680 individuals were equally divided among these three groups, and ranged from Millennials to those aged 69-plus.

via U.S. Trust Cites Top 5 Risks To Family Wealth.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.