Family wealth-keeping it in the family : how family members and their advisers preserve human, intellectual, and financial assets for generations rev. ed.

Author

• Hughes, James E.

Additional Author(s)

-

Publisher

New York: Bloomberg Press, 2004

Language

English

ISBN

9781576601518

Series

Subject(s)

• ESTATE PLANNING-UNITED STATES
• FAMILIES--ECONOMIC ASPECTS--UNITED STATES
• FINANCE, PERSONAL-UNITED STATES

Notes

. Bibliography: p. 211-217 . Index: p. 219-226

Abstract

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. Yet many families never succeed in realizing that vision, much less sustaining it for three, four, or five generations and beyond.

Physical Dimension

Number of Page(s)

xvi, 226 p.

Dimension

22 cm.

Other Desc.

-

Summary / Review / Table of Content

Long-term wealth preservation as a question of family governance --
The family mission statement --
Ritual --
The family balance sheet and family income statement --
Investor allocation --
Two important practices --
The family bank --
Protectors, advisors, mentors, and hommes d'affaires --
Control without ownership --
Beneficiaries --
Trustees --Family philanthropy --
Evaluation of the next generation --
Peer review --
The private trust company --
The role of aunts and uncles --
The art and practice of mentorship --
The role of elders --
The trustee as regent --
Unexpected consequences of a perpetual trust.

Exemplar(s)

#	Accession No.	Call Number	Location	Status
1.	00423/17	332.0240160973 Hug F	Library - 7th Floor	Available