There are books that come along that are destined to have a major impact in our culture. I believe Dr. Henry Cloudâ€™s book, Integrity: The courage to meet the demands of reality may be such a book. Like Jim Collinsâ€™ Good to Great which has become an icon in the business world because of its simple yet powerful message, Cloudâ€™s
Well, it happened again. In working with a two-generational family, the issue of taxes and personal values came up. Although there was a little bit of conflict, the real issue was confusion: â€œWhat should I do?â€ And the confusion was caused by an advisorâ€™s sole focus on reducing taxes, rather than hearing the real desire of the client. The matriarch
Yes, the title reads somewhat like a National Enquirer headline, but itâ€™s true â€“ focusing solely on avoiding taxes (whether capital gains tax, income tax, or estate taxes) can lead to family conflicts. This past week I had the opportunity to meet with a family, to review their wealth transfer plan and their plans for giving to charity. As is
This past Sunday, one of the lead articles in Parade magazine (the magazine inserted into millions of Sunday newspapers) was on emotional intelligence. The article was written by Daniel Goleman, who is one of the â€œfounding fathersâ€ of the concept of emotional intelligence and who has written groundbreaking books on the subject (I personally have found Working with Emotional Intelligence
Given the time of year â€“ early fall, with classes starting up at many colleges and universities â€“ it is time for the media blitz on â€œthe college questionâ€. Different media sources frame the question in different ways. Foxnews.com has had a series recently on the topic, including â€œIs college worth the money?â€ and â€œChoosing a College: Liberal Arts vs.
One of the biggest headaches for employers and managers is the process of finding new employees. Employee hiring takes a lot of time and emotional energy and most managers are not trained in the process. Add to this scenario the fact that there is a shortage of quality employees in a number of fields. For example, in a recent article
â€œFamily coachâ€ is a relatively new term â€“ and a new field. There are maybe 10-20 of us in the United States. There are a lot of business consultants, and even a lot of family business consultants who assist the owners and managers of family owned businesses. But most consultants focus on the business side, because that is their professional
In my work with families across the country, most of them significantly wealthy families, one issue I continually address is the challenge of career development and college choice for young adults. Globalization, as Thomas Friedman has shown in his book The World is Flat, is a huge factor affecting career choices today (www.thomaslfriedman.com). â€œThe great irony is that children from
In this month’s (August 2006) edition of Worth magazine, there are a number of articles which deal with the challenge of successfully transferring wealth to the succeeding generations. This is an area which I focus upon professionally — helping financially successful families figure out “how much” to leave to their heirs, and how to do so in a healthy way.
One of the most common themes I have seen in relationships between older adults and their children (who are now adults themselves) is how the kids (although they are 25, 30, even 40 and beyond) still act like “kids”. And part of this is because their parents continue to come to their rescue when their children make poor choices. Parents