Wealth in 2019 showed itself in all shapes and sizes, and it grew in leaps and bounds for the world’s wealthiest individuals. A Bloomberg article by Tom Metcalf and Jack Witzig, “World’s Richest Gain $1.2 Trillion in 2019 as Jeff Bezos Retains Crown,” details some of the facts and figures on the fortunes of the world’s 500 richest people. The …
How do generosity and kindness fit with Darwin’s theory that survival is based on having a competitive edge? The values pose a challenge for the theory.
Financial advisors and the philanthropy world have been watching wealth transfer carefully for the last 20 years. That’s since John Havens and Paul Schervish of Boston College first published their 1999 report estimating $41 trillion would be transferred over 55 years. Havens and Schervish defended their wealth transfer model over the years, but their final update was in 2014. The …
Our stories don’t always turn out the way we hope they will. When a marriage breaks, fighting for your family, as hard and lonely as it can be, is part of the legacy you’re forming.
Do you remember the high school graduation of your children? I remember the sweetness of my first daughter and her birth. I was a fanatic. I wanted to be around her constantly. I took her on her first date when she was just nine months old. But even as I sought to treasure each moment, I still had people come …
When was the last time you tallied your assets under management? It’s often abbreviated AUM. It’s a term that financial advisors use to provide a measurement of how many dollars they are providing guidance for. The bigger the AUM the more prestige—typically. For individuals and households, we talk in terms of net worth—a listing of the assets minus liabilities equal net …
What comes to mind when you think of a great legacy? Often it’s of something that we shape and build. But what about the legacy that you didn’t ask for?
My mom turned 91 this year. But age alone is not the indicator of a great legacy. It’s living a generous life. This is the enduring legacy she is giving.
I challenged a group to 30 days of giving. Then I realized I didn’t have any plan for 30-days worth of generosity. So I got busy and came up with this list.
Addressing conflict in the family is one of the first steps on the journey to family legacy. To succeed in navigating conflict, consider two key points.
