What have you noticed about the difference between the way you and other generations (up or down) use social media? I stumbled across a wonderful article that deals with the intersection…
Read More
I think the notion of generational wars is a perpetual myth (or perhaps a perpetual truth). Every generation has certain influences which drive their attitudes (political & social) and thus…
Increasing life expectancies have meant that for the first time in history, four generations are alive at the same time. This has important implications for the timing of the transition…
Successful entrepreneurs are often control freaks. But they can’t control whether their children can take over the business or the assets and keep them growing. Entrepreneurs may be visionaries, but…
Advisors don’t spend enough time thinking about their own succession and exit planning. Like most people, many are too involved in the day-to-day work. But like family businesses, exit planning…
Most people with wealth to pass on have never talked to their heirs about how they plan to distribute their assets after they die because they consider the information too…
[Reposted with permission] I’ve recently returned from a speaking engagement at a conference in Dubai, which was my first visit there. As I walked around the city and particularly the…
Philanthropy, in simplistic terms, is often manifested as the flow of funds from a grant-maker to a beneficiary, and as such can be considered one-directional. Yet so many people who…
Where we spend our time and energy is a reflection of our priorities. In a wealthy family, whether or not they have a formal family office, we can think about…
As The Economist magazine poignantly wrote: “Inheritance is a process, not an event”. According to Australian research, family businesses are ill prepared for succession planning, appointing a new CEO, or…
Q: We’re just approaching a liquidity event. How do I get my twentysomething children involved in our plans for philanthropy? A: Stop right there. You might be 10-20 years late. Many families…
In society, the wealthy often get a bad rap. If you’re a wealth creator, people may view the wealth you have created as coming at the expense of someone else….
