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.
Preparing Heirs discloses the surprising findings from the authors' research into the legacies of 3,250 wealthy families. This book can help you develop a plan to transmit the family values underlying the accumulation of wealth and prepare your heirs to be good stewards and thoughtful administrators of that wealth.
Psychiatrist Viktor Frankl's memoir has riveted generations of readers with its descriptions of life in Nazi death camps and its lessons for spiritual survival. Frankl's theory-known as logotherapy, from the Greek word logos ("meaning")-holds that our primary drive in life is not pleasure, as Freud maintained, but the discovery and pursuit of what we personally find meaningful.
Harvard's former senior philanthropic advisor, addresses many of the questions of concern to families of wealth, including ways to teach values to your family through philanthropy. In this book, he writes about the role philanthropy can play in helping families to convey both assets and values from generation to generation.
Beating the Midas Curse describes the failure of traditional estate planning in addressing the needs of families across generations. Beating the Midas Curse is both timely as well as instructive. Studies show that six out of ten affluent families will lose the family fortune by the end of the second generation. By the end of the third generation, nine out of ten of all affluent families have blown through the family wealth, and many have suffered terrible family strife.
What separates financially successful, multigenerational families who flourish from those who languish? Offering a bounty of practical advice, thoughtful insights, and probing questions, A Wealth of Possibilities provides commonsense approaches and profoundly meaningful solutions to many of the most vexing issues confronting wealthy families.