It’s been several months since John Allen Chau died on North Sentinel Island, and the resulting uproar has quieted down. Since November, critics and defenders of the 26-year-old missionary have written volumes about his actions and his motivations. Many would argue that John left a failed legacy, but is that the case? On November 29, 2018, Melinda Henneberger wrote in …
In family businesses, the startup season is often marked by struggle and interdependence. Families have to pull together, tighten their belts, sweat the lean times and bend the knee in prayer. Read stories of the early years in many family businesses (or try starting a business!) and you can imagine the challenges. The members of the family are called on …
Drafting an estate plan isn’t something most people get excited about. But please, be sure you don’t leave out this one thing.
As we see the Boomer generation age, we’ll continue to see more and more women lead the future of generosity. Why? Because women live longer than men. They’ll be the inheritors. But increasingly, women are also becoming the wealth creators. Here are few key insights from the Women’s Philanthropy Institute: Women control 51% or $14 trillion of personal wealth and are expected …
Legacy is a mindset. But what mindset must you have in order to succeed?
A simple attitude change can make a surprising difference to our mental health and wellbeing, while also inclining us toward greater generosity. What is it? Gratitude! In 2017, $203.6 billion was spent on mental health sessions. That number is projected to continue growing to a whopping $230 billion. Those services range from simple to complex. Joel Wong and Joshua Brown, …
Last week I was traveling across the country. Sometimes, I’ll pick up a newspaper or two. Today, it’s the USA Today and the Wall Street Journal. I’ve got a friend who always told me to read the newspaper for the insight that others might miss. In reading USA Today, I can’t help seeing the themes of fear, generosity and greed. A …
Families with a multi-generational vision know that it takes buy-in from the members of the family “team.” Generation 1 may have dreamed up an inspiring vision for their family, but it won’t do much good if they don’t successfully transfer it to Generations 2 and 3. (I’ll address one simple but effective practice for transmitting vision and values a little …
We are just a few weeks into 2019. For most organizations, the books have not fully closed on 2018 and thus it’s hard to fully gauge where giving landed last year. But it’s not too soon to make some predictions about where giving is going in 2019. 1. First, a little good news: Asset giving continues to remain an opportunity …
I gathered with a group of legacy planners from around the country just recently. The conversation was robust, and they articulated many common themes. One theme came up again and again: Relational health in a family is of first importance if they are to succeed across generations. Often, though, relational health gets placed behind the transfer of financial wealth. When …
