| Description |
1 online resource (xvi, 226 pages) |
| Contents |
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 |
| Summary |
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. James Hughes has thought deeply about these challenges, and his insig |
| Bibliography |
Includes bibliographical references (pages 211-217) and index |
| Notes |
Print version record |
| Subject |
Estate planning -- United States
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Finance, Personal -- United States
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Families -- Economic aspects -- United States
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BUSINESS & ECONOMICS -- Personal Finance -- Money Management.
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BUSINESS & ECONOMICS -- Personal Finance -- Budgeting.
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Estate planning -- United States.
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Finance, Personal -- United States.
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Families -- Economic aspects -- United States.
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Finance, Personal -- United States.
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Family -- Economic aspects -- United States.
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Estate planning -- United States.
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Estate planning
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Families -- Economic aspects
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Finance, Personal
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United States
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| Form |
Electronic book
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| ISBN |
1576602060 |
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9781576602065 |
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