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Complete Family Wealth - Wealth as Well-Being, 2nd Edition (Hardcover, 2nd Edition)
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Complete Family Wealth - Wealth as Well-Being, 2nd Edition (Hardcover, 2nd Edition)
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A primer for families of high net worth on how to manage their
qualitative and financial wealth for generations The second edition
of this foundational work, Complete Family Wealth: Wealth as
Well-Being provides proven tools and best practices for families of
means to use in maturing, maintaining, and managing personal and
legacy wealth long into the future. The book is divided into three
parts: the "what"--what is meant by family, wealth, and enterprise;
the "who"--the persons crucial to family enterprise flourishing;
and the "how"--specific practices families can use to enhance and
grow family wealth. The second edition of this work places the
health and well-being of the individual members of the family unit
at the forefront of every aspect detailed within the book. A
natural product of this focus is an increased awareness of the
social complexities of wealth that have come to the fore in recent
years, and the team of expert authors here address the
responsibility of private wealth to the public good. In addition,
Complete Family Wealth's second edition provides readers with: A
new chapter on "the big reveal," suggesting ways to encourage
positive, life-affirming reception of the revelation of present or
future wealth An additional chapter on preserving the beloved
family vacation home Two new appendices: "Fiduciary Course
Curriculum," dedicated to enhancing the education of trustees and
beneficiaries; and "Key Practices for Families During Challenging
Times," a response to the pandemic but relevant to all trying
periods for families Examples that make these practices accessible
to a broad audience across the wealth spectrum. Having shaped the
language used by families and their advisors with the first
edition, Complete Family Wealth's second edition is essential
reading for families of high net worth and their financial
advisors. It will also be of interest to family offices, fund
managers, as well as private investors.
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