Family Wealth - Keeping it in the Family by James E. Hughes
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Family Wealth - Keeping it in the Family
By James E. Hughes

Family Wealth - Keeping it in the Family

How Family Members and Their Advisers Preserve Human, Intellectual and Financial Assets for Generations 2nd Revised edition

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Format: Hardback

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Family Wealth - Keeping it in the Family by James E. Hughes

Book Description

The landmark book that changed the way exceptional families think about their heritage, their wealth, and their legacy to future generations--now revised and expanded. Every family, looking at the next generation, hopes to confer advantages that are more than just material and financial--to inculcate character and leadership, to inspire creativity and enterprise, to help all family members find and follow their individual callings, and to avoid the financial dependency and loss of initiative that can all too often be an unwanted consequence of financial success. Yet many families never succeed in realizing that vision, much less sustaining it for three, four, or five generations and beyond. James Hughes has thought deeply about these challenges, and his insights are at once practical and profound. For more than three decades, he has personally guided multiple generations of families in creating strategies to preserve their human and intellectual capital as well as their financial assets. His teachings synthesize insights from psychology, anthropology, political history, philosophy, economic theory, and the law, with examples ranging from Aristotle to cutting-edge social science theory. His ideas have been taken up by numerous exceptional families, by their advisers, and by scores of authors, practitioners, and academics who have found value in the methods he pioneered. The first edition of this book, privately published, became a word-of-mouth classic. Now, Hughes has updated and substantially expanded it with new chapters that challenge conventional notions of wealth and offer guidelines for conserving family assets in the broadest senses. Filled with tested principles and practices for family governance and joint decision making, it is a rich source of workable wisdom that family members can put into practice today, to the enduring benefit and gratitude of future generations.

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Book Details

ISBN: 9781576601518
ISBN-10: 157660151X
Format: Hardback
(218mm x 149mm x 23mm)
Pages: 226
Imprint: Bloomberg Press
Publisher: Bloomberg Press
Publish Date: 1-Jun-2004
Country of Publication: United States

Books By Author James E. Hughes

Family Trusts by James E. Hughes Family Trusts, Hardback (December 2015)

An insightful and practical guide to family trusts Family Trusts is a step-by-step guide for anyone involved in family trusts: trust creators, trustees, beneficiaries, and advisors. It will help families create and administer a culture that recognizes trusts as a gift of love.

Voice of the Rising Generation by James E. Hughes Voice of the Rising Generation, Hardback (October 2014)

Avoid "Shirtsleeves to Shirtsleeves" by Finding Your Voice Growing up in a family with significant wealth or a family business can often feel like an exercise in silence.

Cycle of the Gift by James E. Hughes Cycle of the Gift, Hardback (November 2012)

A comprehensive guide to giving well to family members Giving is at the core of family life--and with current law allowing up to $5,120,000 in tax-free gifts, at least through December 2012, the ultra-affluent are faced with the task of giving at perhaps largest scale in history.

Dilemmas of Family Wealth by James E. Hughes Dilemmas of Family Wealth, Hardback (February 2006)

Few families are able to pass along their wealth successfully to the next generation. The barriers to keeping money in the family are much more formidable than the barriers to making money in the first place.

» View all books by James E. Hughes

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Author Biography - James E. Hughes

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.

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Recent books by James E. Hughes close
Family Trusts by James E. Hughes
Voice of the Rising Generation by James E. Hughes
Cycle of the Gift by James E. Hughes
Dilemmas of Family Wealth by James E. Hughes
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