Three Tools of the Mega Rich
Most of the world’s populations are lucky (?) enough to not have to worry too much about complex money management. For these folks a bank with a checking account and credit card, a home mortgage,...
Author: Marie
What Wealth Category Are You?
Mark Haynes Daniell in Strategy for the Wealthy Family, defined four categories of wealth for purposes of identifying strategic opportunities families might consider using. It is interesting to note the strategies he suggests for...
Family Partnerships
My Dad always said “Never do business with family members”. Lots of wealthy and not so wealthy people are totally ignoring this advice. Family limited liability companies (LLC) or family limited partnerships (FLP) are...
Henry Shaw’s Legacy
Can you leave a legacy if you don’t have descendants? Henry Shaw did. Have you heard of ‘Shaw’s Garden’ – otherwise known as the Missouri Botanical Gardens – one of the oldest botanical gardens...
Keeping the Wright Brother’s Legacy Alive
Orville and Wilbur Wright never married or had children. They did however have siblings. Today two descendants of those siblings help bring life to the legacy of first flight left by the Wright Brothers....
The Walton Wealth
According to the Forbes 400 Richest American list, four of the top ten richest people in America in 2009 were descendents of Sam and Helen Walton, founders of WalMart. First on the list were...
Document your Family Stories
You have defined your family and begun to share your family history. Wouldn’t it be great to capture that history and all the stories that are part of it, so that future family members...
Develop a Multi-generational Mentality
Mark Haynes Daniell in Strategy for the Wealthy Family (p. 13) states that an “Effective family wealth strategy requires a forward view across three generations, with each generation addressing its own issues while, at the same...
Meet Across Generations
Once you have decided which of your family, friends or acquaintances you want to consider ‘family’ and have thought about your family’s history and culture, you can plan out when and how you want...
Identify Your Unique Family Culture
To keep your family wealth and your family member’s well being intact for multiple generations requires more than just making the money. Without a shared and consciously agreed upon family culture, today’s generations may...
