Family Wealth: Keeping It in the Family--How Family Members and Their Advisers Preserve Human, Intellectual, and Financial Assets for Generations, 2nd, Revised and Expanded Edition

Part One: My Philosophy.

1 Long-Term Wealth Preservation as a Question of Family Governance.

Part Two: Family Practices.

2 The Family Mission Statement.

3 Ritual.

4 The Family Balance Sheet and Family Income Statement.

5 Investor Allocation.

6 Two Important Practices.

7 The Family Bank.

8 Protectors, Advisers, Mentors, and Hommes d’Affaires.

Part Three: Roles and Responsibilities.

9 Control Without Ownership.

10 Beneficiaries.

11 Trustees.

12 Family Philanthropy.

13 Evaluating the Next Generation.

14 Peer Review.

15 The Private Trust Company.

Part Four: Reflections.

16 The Role of Aunts and Uncles.

17 The Art and Practice of Mentorship.

18 The Role of Elders.

19 The Trustee as Mentor.

20 The Trustee as Regent.

21 Unexpected Consequences of a Perpetual Trust.

Epilogue.

Bibliography.

Index.