Hughes Family Wealth

Keeping It in the Family--How Family Members and Their Advisers Preserve Human, Intellectual, and Financial Assets for Generations, 2nd, Revised and Expanded Edition
1. Auflage 2010
ISBN: 978-0-470-88286-3
Verlag: John Wiley & Sons
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 256 Seiten, E-Book

Reihe: Bloomberg

The landmark book that changed the way exceptional familiesthink about their heritage, their wealth, and their legacy tofuture generations--now revised and expanded.
Every family, looking at the next generation, hopes to conferadvantages that are more than just material and financial--toinculcate character and leadership, to inspire creativity andenterprise, to help all family members find and follow theirindividual callings, and to avoid the financial dependency and lossof initiative that can all too often be an unwanted consequence offinancial success. Yet many families never succeed in realizingthat vision, much less sustaining it for three, four, or fivegenerations and beyond.
James Hughes has thought deeply about these challenges, and hisinsights are at once practical and profound. For more than threedecades, he has personally guided multiple generations of familiesin creating strategies to preserve their human and intellectualcapital as well as their financial assets. His teachings synthesizeinsights from psychology, anthropology, political history,philosophy, economic theory, and the law, with examples rangingfrom Aristotle to cutting-edge social science theory. His ideashave been taken up by numerous exceptional families, by theiradvisers, and by scores of authors, practitioners, and academicswho have found value in the methods he pioneered.
The first edition of this book, privately published, became aword-of-mouth classic. Now, Hughes has updated and substantiallyexpanded it with new chapters that challenge conventional notionsof wealth and offer guidelines for conserving family assets in thebroadest senses. Filled with tested principles and practices forfamily governance and joint decision making, it is a rich source ofworkable wisdom that family members can put into practice today, tothe enduring benefit and gratitude of future generations.

Autoren/Hrsg.

Hughes, James E.

Inhaltsverzeichnis

Introduction.
Part One: My Philosophy.
1 Long-Term Wealth Preservation as a Question of FamilyGovernance.
Part Two: Family Practices.
2 The Family Mission Statement.
3 Ritual.
4 The Family Balance Sheet and Family Income Statement.
5 Investor Allocation.
6 Two Important Practices.
7 The Family Bank.
8 Protectors, Advisers, Mentors, and Hommesd'Affaires.
Part Three: Roles and Responsibilities.
9 Control Without Ownership.
10 Beneficiaries.
11 Trustees.
12 Family Philanthropy.
13 Evaluating the Next Generation.
14 Peer Review.
15 The Private Trust Company.
Part Four: Reflections.
16 The Role of Aunts and Uncles.
17 The Art and Practice of Mentorship.
18 The Role of Elders.
19 The Trustee as Mentor.
20 The Trustee as Regent.
21 Unexpected Consequences of a Perpetual Trust.
Epilogue.
Bibliography.
Index.

Über Autor(innen)

James E. "Jay" Hughes Jr. is of counsel at Day, Berry & Howard and author of many influential articles on family governance and wealth preservation. He is renowned for facilitating multigenerational family meetings with an emphasis on mission statements and governance issues. In addition, Hughes has spoken frequently at numerous international and domestic symposia on estate and trust planning.