Wealth Transfer


01Feb 2009

The Current Financial Crisis — Dealing with Reality

There is plenty being written about the current financial crisis and, like the political elections this past fall, it is easy to become overloaded with information.  Obviously, there are a lot of opinions about what has happened, who is at fault, and what should be done.  Some of the comments are driven by philosophical beliefs (for example, about macroeconomics), some

19Jan 2009

Psychology & Wealth – A Collage of Recent Research

I have been collecting some articles on psychology and wealth from a variety of journals I receive, and recently there was a group of articles published in the Monitor of Psychology which is published by the American Psychological Association.  I thought I would briefly share some of the information reported. One article in the January 2009 Monitor entitled “Mind over

28Dec 2008

Transferring Values Via Storytelling – An Opportunity Over the Holidays

A much talked about issue in the area of wealth transfer and family business succession is the desire to “transfer our values to the next generations”.  This is a valiant goal and one which should be true for every family regardless of wealth status — training your children and grandchildren in ways that they will instill values that are important

17Dec 2008

Leading the Family During the Holidays*

This is the time of year when families gather together – college students are on break, young adults return home to visit, and the extended family celebrates Christmas and New Year’s together.* So it is also the time when parents who have been successful in business turn their focus to their family. This is both a good thing and it

30Nov 2008

Family Wealth — The Difficulties of Differing Financial Backgrounds

I have had a number of situations recently where I have been involved in family situations where two members of a couple have come from significantly different levels of financial resources. The following are more in the category of “in process” observations — thoughts and reflections that I have that are still developing and not fully complete yet. Coming from

16Nov 2008

Family Philanthropy — Some Lessons Learned through Observation

Over the past several weeks I have been involved with a number of families, helping them with their philanthropic giving process.  What has been interesting is the fact that almost all of the families are at some different stage in their developmental stage of philanthropy.  Some are really just beginning, others have been “doing” philanthropy for a while but are

13Oct 2008

A Different Kind of Birthday Gift — Time & Fun

Most “gifts” in our culture are tangible presents — either something we buy, or sometimes make, for another.  So when we think of Christmas gifts, or presents for other events like birthdays and anniversaries, we think of “things”.  However, given that most people are hard to buy presents for because they “already have everything”, truly meaningful gifts are often taking

01Sep 2008

Women and the Family Business

It seems to be appropriate week to write about women and the family business, given the high profile of women in politics this past week (Hillary Rodham Clinton’s eloquent speech at the Democratic National Convention, and the selection of Governor Sarah Palin as the Republican vice presidential candidate). Six female authors have recently published A Women’s Place . . .

20Jul 2008

The Encouragement of Thanks

Recently, my wife and I have had a couple of experiences together on which we both commented to one another. One experience was actually two separate events that were similar and which occurred close together. As a family, we enjoy music and frequently go to music events of various kinds — concerts by professionals, school concerts, musical theatre productions, and

14Jul 2008

How to Create Problems in Your Life: Avoid Conflict

I have observed a common pattern across many areas that I work (and live) — people avoiding dealing with tense or conflictual situations in their relationships with others. And almost always, not dealing with the situation creates additional problems or makes the conflict larger and more intense (often involving more people than were originally involved). And it happens in lots of

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