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Family Wealth--Keeping It in the Family: How Family Members and Their Advisers Preserve Human, Intellectual, and Financial Assets for Generations

Family Wealth--Keeping It in the Family: How Family Members and Their Advisers Preserve Human, Intellectual, and Financial Assets for Generations

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(Hardcover)-A family's wealth consists primarily of human capital, meaning, all of the individuals who make up the family, and intellectual capital, meaning, the sum of what each individual member knows, and consists only secondarily of its financial capital. That compelling premise forms the core of Family WealthKeeping It in the Family. This classic treatise has been updated and expanded to include new essays that challenge conventional notions of wealth and that offer guidelines for conserving family assets in the broadest sense: not for just one or two generations but for hundreds of yearsand not giving truth to the saying "shirtsleeves to shirtsleeves in three generations." James Hughes, a prominent attorney and estate planner, teaches how successful long-term wealth preservation requires the creation and maintenance of a system of governance and joint decision making. Filled with inspiration and guidance, Family Wealth enunciates tested principles and practices for preserving wealth and keeping it in the family.
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User Reviews for Family Wealth--Keeping It in the Family: How Family Members and Their Advisers Preserve Human, Intellectual, and Financial Assets for Generations

Overall Rating: Star FullStar FullStar FullStar FullStar Empty ( 13 reviews )
  1. Star FullStar FullStar FullStar FullStar Empty Posted: Jul 13 2009

    This book is somewhat densely written in occasionally archaic language so it is not an easy read. The material inside is quite well-thought out, however and gives a good structure to assist wealthy families in solving the problems that come with wealth...unmotivated children, lack of purpose, etc. The general idea of seeing a family's resources as not only financial and social but also intellectual and personal..and figuring out how to develop those is a useful frame. Instead of "shirtsleeves to shirtsleeves in 3 generations", you would be more likely to maintain the family's resources if you followed some of the principles in this book. I did not give it 4 stars due to the stilted writing.

  2. Star FullStar FullStar FullStar FullStar Full Posted: Feb 19 2009

    I agree with my esteemed colleague, Mr. Collier, and would have to highly recommend this book as a guide to thinking deeper about the softer 'issues' that need to be considered and thought through.

  3. Star FullStar FullStar FullStar FullStar Empty Posted: Jun 21 2008

    Family Wealth is an area in small and meduim size business that has lept to the front of issues facing their firms. As the baby-boom generation decides how an when to step aside Family Wealth should be a must read book on the topic of asset protection and family relationship.

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Product Specs for Family Wealth--Keeping It in the Family: How Family Members and Their Advisers Preserve Human, Intellectual, and Financial Assets for Generations

Author: James E. Hughes Jr.
Number Of Pages: 240
Category: Hardcover
Brand: Bloomberg Press
Dewey Decimal Number: 332.0240160973
Label: Bloomberg Press
Manufacturer: Bloomberg Press
Product Group: Book
Publication Date: 2004-05
Edition: Rev and Expanded ed.
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