The Legacy Family: The Definitive Guide to Creating a Successful Multigenerational Family

Though Statistics Indicate That Trillions Of Dollars Will Be Transferred To The Younger Generation In The Next 50 Years, The Recipients Of That Inherited Wealth Are Unlikely To Preserve And Pass On Their Inheritance Intact. Faced With This Prospect, Many Families Today Wonder How To Successfully Transmit To Their Progeny Their Own Capacity, Connections, Compassion, And Competency That Built The Original Wealth, So That Future Generations Can Enjoy These Same Advantages, And More. The Legacy Family, Written By Two Experts In The Field, Will Provide Readers With A Roadmap For Detailing How To Leave Family Wealth And More Importantly, Legacy, Intact. Readers Will Learn A Variety Of Skills, From How To Articulate A Collective Vision For The Future That Can Be Embraced By All Family Members To The Importance Of Creating A Process So That Future Generations Can Help Each Member Shape Their Own Future, While Nourishing Their Close Family Bonds. Roadmap To A Legacy Family -- Family Constitution -- Family Communications -- The Family Meeting -- Family Governance -- Family Wealth Planning -- The Family Bank -- Family Shared Assets -- The Family Foundation -- Financial Competency And Life Skills Training -- Family Business Succession -- Managing Conflict -- The Brain Trust -- Taking The First Step. Lee Hausner And Douglas K. Freeman ; Foreword By Jay Hughes. Includes Bibliographical References (p. [199]-202) And Index.