Family Wealth--Keeping It in the Family: How Family Members and Their Advisers Preserve Human, Intellectual, and Financial Assets for Generations
| Author | : | |
| Rating | : | 4.38 (701 Votes) |
| Asin | : | 157660151X |
| Format Type | : | paperback |
| Number of Pages | : | 240 Pages |
| Publish Date | : | 2015-01-09 |
| Language | : | English |
DESCRIPTION:
The landmark book that changed the way exceptional families think about their heritage, their wealth, and their legacy to future generations--now revised and expanded.Every family, looking at the next generation, hopes to confer advantages that are more than just material and financial--to inculcate character and leadership, to inspire creativity and enterprise, to help all family members find and follow their individual callings, and to avoid the financial dependency and loss of initiative that can all too often be an unwanted consequence of financial success. The first edition of this book, privately published, became a word-of-mouth classic. James Hughes has thought deeply about these challenges, and his insights are at once practical and profound. His ideas have been taken up by numerous exceptional families, by their advisers, and by scores of authors, practitioners, and academics who have found value in the methods he pioneered. Filled with tested principles and practices for family governance and joint decision making, it is a rich source of workable wisdom that family members can put into practice today, to the enduring benefit and gratitude of future generations.. Yet many families never succeed in realizing that vision, much less sustaining it for three, four, or five generations and beyond. For more than three decades, he has personally guided multiple generatio
Ok. Somewhat dated If passing wealth along to seven generations is your goal, then this is a good book. Somewhat repetitive, but some really good ideas. I liked the history lessons.. "Really expanded my horizons" according to Richard Buck. Studying this book and sharing copies of it with some of my cousins really opened my eyes to the potential in my extended family. We don't have substantial financial wealth, though there are a few deep pockets. We have several people in my generation who have achieved outstanding success in life, including one who's a major general in the Army and another who is a star on Broadway.More than that, we have six generations of people who are used to knowing eac. Five Stars Meet
A. "A must read for those we call patriarchs and matriarchs, their key intermediaries, all trustees and beneficiaries" -- Michael J. Smith, Head of Wealth with Responsibility Program, U.S. Private Wealth Management, Deutsche Bank"An approach to wealth preservation that values not only money but people." -- Peter White, Managing Director, Family Advisory Practice, Citigroup Private Bank"Brilliant case statement for the importance of the nurturing of character, of self-confidence, and