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Family Wealth--Keeping It in the Family: How Family Members and Their Advisers Preserve Human, Intellectual, and Financial Assets for Generationsby James E., Jr. Hughes
Synopses & ReviewsPublisher Comments:The first edition, privately published, has sold 11,000 copies based solely on word of mouth. Now 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 a hundred years and more--and not giving truth to the saying "shirtsleeves to shirtsleeves in three generations." 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 Wealth--Keeping It in the Family. 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 sets forth tested principles and practices for preserving wealth and keeping it in the family. Book News Annotation:Himself a sixth-generation lawyer, Hughes describes how to create a
dynasty. A family's primary wealth, he says, is human capital and
intellectual capital—that is, everyone in the family and
everything each of them knows—and only secondarily financial
capital. He explains how to establish internal practices and ethics
to make the fortune grow.
Annotation ©2004 Book News, Inc., Portland, OR (booknews.com) Synopsis:Filled with inspiration and guidance, this modern classic prsents tested principles and practices for preserving wealth - financial, human, and intellectual. Synopsis:This is 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. "A masterpiece. No one is more astute than Jay Hughes about the topics of family wealth and family life." - Charles W. Collier, Senior Philanthropic Adviser, Harvard Univesity. What Our Readers Are SayingBe the first to add a comment for a chance to win!Product Details
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