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Why, when and how legal and financial advisors counsel their clients around their charitable giving options has important implications for the donor, for the gift planner, for charitable organizations and for society. The author makes a series of recommendations on how the advisor-client relationship can best be structured in the interests of both.

Proper asset allocation and estate planning is often the best gift to children who have neither an interest in, nor propensity for, running the family business. Sale of the family business is usually a once-in-a-lifetime chance to achieve meaningful liquidity, and well-qualified advisors can add much more in transaction value and stress relief tha...

A paper from Memoir Shoppe examines ethical wills and the age-old tradition of passing on spiritual assets. Most commonly written as letters, ethical wills are a unique, everlasting forum through which the ultra-wealthy come to understand and accept that authentic wealth can come from perpetuation of values, hopes, convictions, lessons learned and ...

Families need to learn how to talk about money openly and participate in saving, spending and giving together. The result, Silver Bridge Advisors says, will be an increase in the number of financially thoughtful children in the world, a greater ability for the next generation to use their wealth responsibly, and an increased likelihood that family ...

Experiencing an investment loss is bad enough, but that situation is even worse when those losses cannot be used to reduce tax liability. Rothstein Kass explores the recent Garnett decision by the U.S. Tax Court, which broadened the rules used to determine whether participation in a business activity can be considered passive activity. This designa...

Coaching can be a transformational process, helping individuals overcome obstacles, solve problems, make significant changes and accomplish lofty goals. Conscious Connection provides an overview of coaching, discussing the work of a professional coach and offering tips to ensure selection of the right coach.

Family business consultant Kenneth Kaye discusses some characteristics that facilitate trust among family members in two types of enterprises – family offices and family-owned businesses – as well as a conflict resolution intervention that capitalizes on humans' instinctive propensity to trust.

Analysis by Spring Mountain Capital shows that increased spending will profoundly jeopardize the long-term health of endowments. This paper proposes a framework for analyzing spending decisions that can be of use to endowments and other types of investors who need to balance long-term growth objectives with short-term spending needs.

KPMG Australia explores six areas related to family business succession: preparation, leadership change, new directions, governance as a priority, performance measurement and pride in the family business. The report focuses on Australian families but offers suggestions and insights that can be useful to families anywhere.

The planning landscape is likely to change even more as families seek to provide a sustainable pool of wealth not only for succeeding generations but also for the current generation. Nease, Lagana, Eden & Culley Inc. highlights the most significant of these changes and some of the advantages they present for planners and clients who are prepared to...

From 2008 to 2009, the Center for Creative Leadership surveyed 128 senior executives who participated in CCL's Leadership at the Peak program. The executives served at teh senior most levels of their organizations, with more than 15 years of management experience and resonsibility for at least 500 people. This survey focuses on pressing trends ...

This paper addresses the options families have for investment education and offers basic direction for getting a true junior investment club off the ground. Contents include: --Five questions for families considering a junior investment club --Developmental options for investment education --Alternatives to true investment clubs --What is a jun...

Research shows investment managers are far too willing to incur a large negative tax alpha for taxable clients while pursuing a pretax alpha. The result is that most investment management products offer a combined alpha that is negative: pretax alpha, whether good or bad, less a relentlessly negative tax alpha.

Thoughtful and discerning families of wealth understand that they have a responsibility to create the framework for a family legacy plan that promotes family continuity, manages change within the family, and articulates clear roles for all of the wealth owners in the family.

In a series of articles, the author has written about problems of trust and distrust in family enterprises. In the third in the series, he discusses a fictionalized case of an owner who resists forming, or even learning about, professional family offices. The article analyzes ways advisors can persist (without being fired) in raising the issues a f...