Will Your Family Business Survive You?
A family business, or a series of family enterprises, can fuel the growth wealth for your family from the first generation on down – if it survives. Statistics vary on exact percentages, depending on...
Category: keeping it
Family Meeting Checklist
Family meetings can be a great way to build solid relationships, create a family legacy and train the next generation. A couple of weeks ago I shared our path towards holding family meetings. As...
Are You Settling an Estate? – What to Do Right Away
When a loved one dies, it is devastating. When you are also responsible for the deceased’s estate, it gets even harder. You are on the spot to make sure that your loved one’s affairs...
Stop the Roller Coaster Ride – Build a Long Term Family Wealth Plan
Yesterday, the world’s markets reacted to multiple negative financial events including the downgrade of the US Government by Standard and Poor’s rating agency, violent riots in London, inflation increases in China and the European...
Beneficiary Designation Checkup Time
A periodic review of the beneficiaries you have designated on your assets and financial accounts is a necessary estate plan health checkup. No one that I know loves to review their beneficiary designations, but...
Life Stories – The Game of Memories for Family and Friends
Importance of Passing Down Family Stories To identify and preserve the unique culture of your family, it’s history and intended legacy, you need to make sure that family stories are passed down through the...
The Importance of Geographic Diversity In Preserving Family Legacy
Geographic Diversication Mayer Amschel Rothschild, founder of the House of Rothschild, practiced geographic diversification when he sent each of his 5 sons to a different European country to set up a bank. By doing...
Life’s Little Frustrations
One of the problems with having a lot of money is that children of the wealthy do not have to overcome many of life’s challenges and frustrations. Wealthy kids may not tolerate frustration well....
Five Ways to Prepare Your Heir to Inherit Your Estate
You have developed all of your estate plan documents – your will, trust, letter to heirs, living will, and etc. So now you are all set, right? Probably wrong, at least if your plan...
Home for the Holidays? Define Your Family’s Legacy
When you hear ‘Rockefeller’ or ‘Edison’ or ‘Earhart’ – you probably think of philanthropy or light bulbs or around the world flight. When your kids hear your family name, what do they think of?...
