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

Product Description

Every family 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's teachings synthesize insights from psychology, anthropology, political history, philosophy, economic theory, and the law. 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 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.

About the Author

James E. Hughes, Jr., is the author of the book Family Wealth: Keeping It in the Family, and numerous articles on family governance and wealth preservation. He is the founder of a law partnership in New York City, Hughes and Whitaker, specializing in the representation of private clients throughout the world. He frequently facilitates multi-generational family meetings with a special emphasis on mission statements and governance issues. He has spoken frequently at numerous international and domestic symposia on international estate and trust planning. He is a member of the Board of The Philanthropic Initiative, a councilor to the Family Office Exchange, an emeritus faculty member of the Institute for Private Investors, a member of the Board of the Albert and Mary Lasker Foundation, a Senior Dean of the FOX Family Learning Center, and a member of the Board of the FOX Foundation. In addition, Mr. Hughes is an advisor to New Ventures in Philanthropy. He is also a member of the boards of various private trust companies, an advisor to numerous investment institutions and a member of the editorial boards of various professional journals. Mr. Hughes was a partner of the law firms of Coudert Brothers and Jones, Day, Reavis and Pogue. He is a graduate of the Far Brook School, the Pingry School, Princeton University, and the Columbia School of Law.

L. J. Ganser is the winner of the prestigious Audie Award for Best Nonfiction Narration for his work in The Island at the Center of the World. He has recorded over 450 titles, ranging from preschool books to crime noir thrillers, from astronomical adventures in both science and science fiction, to Arctic Circle high school basketball stories.