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Family Wealth Keeping It in the Family--How Family Members and Their Advisers Preserve Human, Intellectual, and Financial Assets for Generations

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ISBN-10: 157660151X

ISBN-13: 9781576601518

Edition: 2nd 2004 (Revised)

Authors: James E. Hughes

List price: $45.00
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This is 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. "A masterpiece. No one is more astute than Jay Hughes about the topics of family wealth and family life." - Charles W. Collier, Senior Philanthropic Adviser, Harvard Univesity.
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Book details

List price: $45.00
Edition: 2nd
Copyright year: 2004
Publisher: John Wiley & Sons, Incorporated
Publication date: 6/1/2004
Binding: Hardcover
Pages: 256
Size: 5.70" wide x 8.20" long x 1.00" tall
Weight: 1.144
Language: English

Introduction
My Philosophy
Long-Term Wealth Preservation as a Question of Family Governance
Family Practices
The Family Mission Statement
Ritual
The Family Balance Sheet and Family Income Statement
Investor Allocation
Two Important Practices
The Family Bank
Protectors, Advisers, Mentors, and Hommes d'Affaires
Roles and Responsibilities
Control Without Ownership
Beneficiaries
Trustees
Family Philanthropy
Evaluating the Next Generation
Peer Review
The Private Trust Company
Reflections
The Role of Aunts and Uncles
The Art and Practice of Mentorship
The Role of Elders
The Trustee as Mentor
The Trustee as Regent
Unexpected Consequences of a Perpetual Trust
Epilogue
Bibliography
Index