The Dilemmas of Family Wealth
A compelling overview for wealthy families and their advisers, outlining how to preserve family wealth.
Throughout history, families with significant means have struggled with the notion that multigenerational wealth planning is not just about money. A “rags to riches to rags” or “shirtsleeves to shirtsleeves in three generations” scenario has played out in too many families, and those who are concerned about preserving wealth will want to know which behaviors to avoid in order to prevent that outcome.
In this book, Judy Martel details the most common "family-busters," using examples from real families. Each dilemma is presented in a story format, giving readers a clear understanding of the most common challenges, along with expert advice on how to begin to seek solutions. It is a compelling overview for wealthy families and their advisers.
BOOK DETAILS :Hardback, 240 Pages, Dimensions 216 x 138 MM Language English.
Part One: Transitions and Letting Go
Introduction
1 Succession and Letting Go of a Business
2 Keeping Future Generations Connected
3 Future Wealth Generators
Part Two: Retaining Family Cohesiveness
Introduction
4 Keeping the Family Together
5 Integrating New Family Members
Part Three: Preparing Heirs
Introduction
6 Preparing Children and Grandchildren
7 Fairness in Estate Planning
8 Strategic Philanthropy
Judy Martel, CFP®, is a vice president at Asset Management Advisors (AMA), a leading multifamily office and subsidiary of SunTrust Banks, Inc. Martel has twenty years of experience in journalism and public relations. She was a newspaper journalist for eleven years, and she has written extensively on wealth issues and family dynamics for such publications as Robb Report Worth, Town & Country, and Vive magazine where she writes a regular column. She is a certified financial planner.