Wealth of wisdom : the top 50 questions wealthy families ask /: the top 50 questions wealthy families ask. (2018)

• Record Type: Book
• Further Information: Note: Tom McCullough, Keith Whitaker.
• Authors: (Financial planner), McCullough, Tom; Whitaker, Albert Keith
• Contents: Foreword xiii; Dirk Jungé Acknowledgments xvii Introduction xix SECTION 1 THINKING THROUGH WHAT MATTERS MOST 1 Chapter 1 Are You Wealthy? 3; Patricia Angus Chapter 2 What Are the Most Important Factors in Living Well? 9; Scotty McLennan Chapter 3 What Are the Key Considerations in Crafting Your Legacy? 15; Thayer Willis Chapter 4 What Does Passing on Values to the Next Generation Really Look Like? 23; Ellen Miley Perry Chapter 5 How to Think Through Using Resources That Exceed My Personal Needs? 31; Paul Schervish Chapter 6 Does Family History Matter? 39; Heidi Druckemiller SECTION 2 PLANNING THOUGHTFULLY 45 Chapter 7 Is It Worth Having a Financial Plan? 47; Scott Hayman Chapter 8 What Is the Right Balance Between Saving and Spending in Retirement? 55; Meir Statman Chapter 9 How Do You Start a Family Conversation About Prenuptial Arrangements? 63; Charles Collier Chapter 10 How Can You Preserve a Beloved Family Vacation Home or Estate? 67; Jamie Forbes Chapter 11 How Can You Prepare for Longevity and Mental Incapacity Among Family Members? 75; Patricia Annino Chapter 12 How Do You Prepare for a Good Goodbye? 81; Kathy Wiseman SECTION 3 INVESTING WISELY 85 Chapter 13 How Can You Make Sure Your Portfolio Lines Up with Your Actual Goals? 87; Ashvin Chhabra Chapter 14 What Return Should You Expect from Your Investments? 93; Christopher Brightman Chapter 15 What Should Your Asset Allocation Be? 101; Jean Brunel Chapter 16 Does Investing Have to Be Complicated? 107; Robert Maynard Chapter 17 How Should You Understand and Deal with Investment Risk? 115<br />Howard Marks Chapter 18 What Is the Most Useful Definition of Risk for Family Investors? 119; James Garland Chapter 19 Is Active Management Still Worthwhile? – I 125; Charles Ellis Chapter 20 Is Active Management Still Worthwhile? – II 133; Randolph Cohen SECTION 4 RAISING THE RISING GENERATION 141 Chapter 21 How Do You Raise Responsible, Independent, and Productive Children (versus Entitled Trust Fund Babies)? 143; Jill Shipley Chapter 22 How Can You Help Children Thrive in a World Focused on Success? 149; Suniya Luthar and Nina Kumar Chapter 23 How Much Money Should You Leave Your Children, and When? 157; Peter Evans Chapter 24 How Do You Start a Family Conversation About Financial Inheritance? 161; Charles Collier Chapter 25 How Can You Avoid the Negative Impacts of Giving Money to Family Members? 165; Lee Hausner Chapter 26 How Can Your Family Encourage Financial Literacy in Every Member? 169; Coventry Edwards-Pitt Chapter 27 How Can Families Support Both Individuality and a Shared Dream? 173; Kelin Gersick SECTION 5 MAKING SHARED DECISIONS 181 Chapter 28 What Are the Best Ways for a Family to Make Decisions Together? 183; Barbara Hauser Chapter 29 How Can You Improve Family Communication? 187; Jennifer East Chapter 30 What Are Practical Tools for Building Healthy Families? 193; Christian Stewart Chapter 31 What Is the Point of Family Enterprise Governance? 203; Katherine Grady and Ivan Lansberg Chapter 32 Should You Have a Family Meeting? 211; Mary Duke Chapter 33 How Can You Best Manage Conflict in Your Family? 219; Blair Trippe Chapter 34 Should You Stay Together as a Family or Go Your Separate Ways? 225; Doug Baumoel SECTION 6 COMBINING FAMILY AND BUSINESS 233 Chapter 35 How Can You Engage Your Children in the Management of Your Family Wealth or Business? 235; Dennis Jaffe Chapter 36 How Can Your Family Develop Leaders Ready to Face the Many Challenges of Business and Family? 243; Greg McCann Chapter 37 How Can You Ensure the Success of Your Successors? 249; Dean Fowler Chapter 38 Why Is Family Unity So Important and How Can You Achieve It? 257; Andrew Hier and John Davis Chapter 39 What Are the Signs You’re Losing Control of Your Family Business? 263; Josh Baron and Rob Lachenauer Chapter 40 Can a Family Stay Together After the Operating Business Is Sold? 269; Alex Scott SECTION 7 GIVING WELL 275 Chapter 41 What Is the Difference Between Charity, Philanthropy, Strategic Philanthropy, and Impact Investing? 277; Ellen Remmer Chapter 42 How Can You Encourage Generosity in Your Family? 285; Alasdair Halliday and Anne McClintock Chapter 43 How Do You Engage Children and Grandchildren in Philanthropy? 291; Lisa Parker Chapter 44 How Can You Wisely Develop a Long-Term Strategy for Your Philanthropy? 297; Barnaby Marsh SECTION 8 SEEKING SOUND ADVICE 303 Chapter 45 What Types of Advisors Should You Consider? 305; Susan Massenzio Chapter 46 How Can You Find Trustworthy Advisors? 311; Philip Marcovici Chapter 47 How Can You Avoid the Next Bernie Madoff? 317; Stephen Horan and Robert Dannhauser Chapter 48 Should You Choose a Single-Family Office or a Multi-Family Office? 323; Kirby Rosplock Chapter 49 How Do You Choose a Good Trustee? 331; Hartley Goldstone SECTION 9 FACING THE FUTURE 339 Chapter 50 What Does the Future Hold for Families with Significant Wealth? 341; James Hughes Chapter 51 How Can You Chart Your Own Path, No Matter What Everyone Else Says You Should Do? 345; Fernando del Pino Chapter 52 How Do You Balance Family Stability with Resilience Over the Generations? 351; James Grubman Chapter 53 How Can We “Lift the Small Boats” Too? 355; Christine Lagarde Conclusion 363 About the Editors 365 Index 367
• Edition: 1st
• Publisher Details: Hoboken, New Jersey : John Wiley & Sons, Inc
• Publication Date: 2018
• Extent: 1 online resource
• Subjects: 332.024; Estate planning; Finance, Personal; Families -- Economic aspects; Family trusts; Wealth
• Languages: English
• ISBNs: 9781119331520; 9781119331544
• Related ISBNs: 9781119331537
• Notes: Note: Includes bibliographical references and index.; Note: Description based on CIP data; resource not viewed.
• Access Rights: Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
• Access Usage: Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.