Articles

The Legacy Family: The Definitive Guide to Creating a Successful Multigenerational Family

Lee Hausner and Douglas K. Freeman, with a foreword by Jay Hughes

November 15, 2009

"A must-read for every financial family." - Sara Hamilton, Founder and CEO, Family Office Exchange

Though statistics indicate that trillions of dollars will be transferred to the younger generation in the next 50 years, the recipients of that inherited wealth are unlikely to preserve and pass on their inheritance intact. Faced with this prospect, many families today wonder how to successfully transmit to their progeny their own capacity, connections, compassion, and competency that built the original wealth, so that future generations can enjoy these same advantages, and more.

The Legacy Family, written by two experts in the field, will provide readers with a roadmap for detailing how to leave family wealth and more importantly, legacy, intact. Readers will learn a variety of skills, from how to articulate a collective vision for the future that can be embraced by all family members to the importance of creating a process so that future generations can help each member shape their own future, while nourishing their close family bonds.

This is must reading for any family that wishes to ensure that their future generations have a solid foundation on which to build successful lives.

"The encyclopedia of how to keep a family together for at least a hundred years." - Joseph A. Field, Partner, Withers LLP

"The Legacy Family is an invaluable roadmap for multigenerational families and their advisors. The authors address multigenerational wealth in all dimensions n both human capital as well as financial capital." - Kathryn M. McCarthy, Independent Advisor to Families and Family Offices and former Managing Director, Rockefeller & Co., Inc.

"Silence is golden no longer - especially when it comes to a family with substantial assets. How to deal with conflict, how to find a better way to communicate othis is expressed in down-to-earth language with real solutions as only co-author Lee Hausner, long admired for her candor, can deliver so clearly!" - Charlotte B. Beyer, Founder & CEO, Institute for Private Investors

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