Kids, Wealth, and Consequences Ensuring a Responsible Financial Future for the Next Generation

by Morris, Richard A.; Pearl, Jayne A.; Hughes, James E.

• ISBN13: 9781576603482
• ISBN10: 1576603482
• Edition: 1st
• Format: Hardcover
• Copyright: 2010-02-03
• Publisher: Bloomberg Press

Summary

leaving children with a substantial amount of money can be either a boon or a burden. high-net-worth parents need to give their children an education - financial, emotional and intellectual - to navigate today's complex world. the question becomes how to raise children with a sense of reality and balance, imparting a strong work ethic, and making them good stewards of their wealth. kids, wealth and consequencesenlightens high-net-worth parents about the unique issues they need to explore. the book addresses the 'hard' financial issues, such as investing and estate planning, as well as the 'soft' emotional issues relating to values, family and communication. morris and pearl detail strategies and techniques to help parents raise children who appreciate, and know how to manage, the wealth they inherit.

Author Biography

Richard Morris is principal of Resource for Ownership Intelligence (ROI) Consulting, which helps family-business owners pass their businesses to subsequent generations. He is also an adjunct professor at Lake Forest Graduate School of Management. Morris has been quoted in numerous media and is a frequent contributor to various business publications. He lives in Evanston, IL. Jayne Pearl has been a financial journalist for nearly thirty years, focusing on family business and advising parents about children and money. She has been quoted extensively in the print and television media. She was a senior editor at Family Business magazine and also worked at Forbes. Pearl is the author of Kids and Money. She lives in Amherst, MA.

Table of Contents

Foreword

Acknowledgments

Introduction

Financial Choices

Calculating Your Family's Future

To Trust and How to Trust

Portfolio Management

Intellectual Choices

Financial Literacy

Skills and Experience

Goals and Purpose

Spiritual/Emotional Choices

Success and Happiness

Communication

Navigating the High-Net Worth Environment

Integrating Your Choices

The Family Glue

Pulling It Together

Appendixes

Index

Table of Contents provided by Publisher. All Rights Reserved.

Supplemental Materials

What is included with this book?

The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.

The Used, Rental and eBook copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.

Rewards Program

Currently unavailable