I try to be careful to include singles when I talk about legacy, but sometimes I can tell they don’t really believe me. Jeremiah’s life speaks volumes on this issue.
Start With Generosity, the Great Equalizer
It’s fun to see families bearing down on the idea of multi-generational success. Sometimes families approach me with a simple question: “Where do we begin?” Often, they come to the table with past hurts and they want to start a new conversation. Or they arrive with children who have chosen varying paths—some good, some OK, and some not. Some of these …
Are High Net Worth Households More Generous?
What does the charitable giving of higher net worth households teach us about generosity? I wonder if the measure of our generosity includes not just the size of the gift but also our capacity to give.
The #1 Family Legacy Gift
When you think about leaving a legacy gift to your children what do you think about? I remember my wife’s 91-year-old grandmother. She grew up in the Great Depression. When we cleaned out her apartment to move her in with family, we found that she’d saved the aluminum foil from every Meals on Wheels dinner she’d ever received. There were …
Year-End Giving Tips: Start Early and Include Your Family
Year-end. It’s a time for Christmas celebrations, but also when many rush to calculate their taxes and charitable giving. Here are three tips for success.
Choose Your Donor Advised Fund With Caution
“Not all donor advised funds are created equal,” writes Iain Bernhoft in Philanthropy Daily. DAFs are popular, but donors need to know a real risk.
Impact Investing for Generational Success
The next generation is often uninvolved in the family wealth discussion. Impact investing has the potential to bring generations together in a unique way.
I Don’t Want to Leave a Legacy—Is Legacy Selfish?
Legacy can be a confusing topic. A popular song has everyone singing, “I don’t want to leave a legacy.” Is wanting to leave a legacy selfish? It depends.
Charitable Strategy: The Most Missed Element in Business Sales
It happens time and again. While most owners have 80-90% of their assets locked up inside of their business, it’s remarkable how unprepared many of them are at the point of sale. Indeed, at the point of sale the business owner, and the advisory team, should do everything they can to maximize the sale. But many business owners completely miss a …
Do You Talk With Your Kids About Money?
More than 60% of parents don’t talk with their kids about money, a Merrill Lynch study found. Learn the obstacles to talking about this important subject.