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Complete family wealth : wealth as well-being
Title
Complete family wealth : wealth as well-being / James E. Hughes, Susan E. Massenzio, Keith Whitaker.
ISBN
9781119820055
1119820057
9781119820031
Edition
Second edition.
Publication
Hoboken, New Jersey : John Wiley & Sons, Inc., [2022]
Physical Description
1 online resource (227 p.)
Local Notes
Access is available to the Yale community.
Notes
Chapter 22 Preserving a Family Vacation Home.
Access and use
Access restricted by licensing agreement.
Summary
A primer for families of high net worth on how to manage their qualitative and financial wealth for generations The second edition of this foundational work, Complete Family Wealth: Wealth as Well-Being provides proven tools and best practices for families of means to use in maturing, maintaining, and managing personal and legacy wealth long into the future. The book is divided into three parts: the "what"--what is meant by family, wealth, and enterprise; the "who"--the persons crucial to family enterprise flourishing; and the "how"--specific practices families can use to enhance and grow family wealth. The second edition of this work places the health and well-being of the individual members of the family unit at the forefront of every aspect detailed within the book. A natural product of this focus is an increased awareness of the social complexities of wealth that have come to the fore in recent years, and the team of expert authors here address the responsibility of private wealth to the public good. In addition, Complete Family Wealth's second edition provides readers with: A new chapter on "the big reveal," suggesting ways to encourage positive, life-affirming reception of the revelation of present or future wealth An additional chapter on preserving the beloved family vacation home Two new appendices: "Fiduciary Course Curriculum," dedicated to enhancing the education of trustees and beneficiaries; and "Key Practices for Families During Challenging Times," a response to the pandemic but relevant to all trying periods for families Examples that make these practices accessible to a broad audience across the wealth spectrum. Having shaped the language used by families and their advisors with the first edition, Complete Family Wealth's second edition is essential reading for families of high net worth and their financial advisors. It will also be of interest to family offices, fund managers, as well as private investors.
Variant and related titles
O'Reilly Safari. OCLC KB.
Other formats
Print version: Hughes, James E., Jr. Complete Family Wealth Newark : John Wiley & Sons, Incorporated,c2022
Format
Books / Online
Language
English
Added to Catalog
March 03, 2022
Contents
Cover
Title Page
Copyright Page
Contents
Preface to theSecond Edition
Preface to the First Edition
Preface to the First Edition: An Invitation
A Welcome from James (Jay) Hughes, Esq.
A Welcome from Dr. Susan Massenzio
A Welcome from Dr. Keith Whitaker
The Path Ahead
Part One
Chapter 1 Complete Wealth
Right Understanding
Complete Wealth
The Five Types of Qualitative Capital
Growing Capital
A Provocative Comparison
Measuring Qualitative Capital
Chapter 2 Family Enterprise
Affinity
Flourishing
The Three-Circle Model
Active Ownership
Transition
Time
Chapter 3 Principles
Part Two
Chapter 4 The Rising Generation
Why Rising?
The Effects of the Black Hole
The Challenge
Meeting the Challenge
Rising in the Middle Passage
Setting Off
Chapter 5 The Big Reveal
Confirmation
What's Next?
The Pause
Courage
Chapter 6 Parents
Giving
Know Thyself
Nothing Too Much
How Much Is Enough? Fair versus Equal?
Communication and Control
Giving as Grandparents
Letting Go
Chapter 7 Spouses
Tough Questions
Fiscal Difference
The Three-Step Process
Spouses and Family Meetings
Blended Families
Chapter 8 Elders
"Old Age Hath Yet Its Honor and Its Toil"
Characteristics
Two Practices
Chapter 9 Trustees and Beneficiaries
Human Consequences
Vocabulary
Activity
Distributions
Conclusion
Chapter 10 Advisers
Questions to Consider
Money
Personnes de Confiance
Counselors, Coaches, and Facilitators
Mentors
A Father's Wisdom
Chapter 11 Friends
Friends as Wealth
Wealth and Friends
Part Three
Chapter 12 Character
History
What Works
Chapter 13 Work
Meaning
Strengths and Flow
The Human Work
Play
Chapter 14 Talking with Children about Wealth
Development
The Power of the Teachable Moment
Are We Rich?
Curiosity
Allowances
Adolescents
Managing Privacy
Chapter 15 Prenuptial Agreements
Introduction
What Is a Prenuptial Agreement?
How Best to Approach a Prenuptial Agreement
For Parents of the Prospective Spouses
Chapter 16 Getting Started
Questions
Questions for Reflection
Practices
Chapter 17 Family Meetings
Preparation
Why?
What to Do in a Family Meeting?
Who to Have at a Family Meeting?
When to Hold a Family Meeting?
How to Run an Effective Family Meeting?
Where to Hold the Meeting?
Chapter 18 Family Stories and Rituals
The Stuff of Life
Rituals
Chapter 19 Family Mission Statements
Why a Family Mission Statement Matters
What Is a Family Mission Statement?
How to Create a Family Mission Statement
How to Use a Family Mission Statement
Chapter 20 Family Governance
Humility and Freedom
Constitution, Council, and Assembly
Design
Ratification
Chapter 21 Financial Capital
Return
Two Practices
Subjects
Genre/Form
Electronic books.
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