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Debbie made this look so easy! Wow… Thank you, Debbie! Whenever I have transcription work, you are my lady!! — Jim Munchbach, CFP® Family Wealth Manager dot com
Tags » Family Wealth
According to this Time Inc. Network article, there’s only a 10% chance that wealth will remain with a family for three or more generations. Assuming that this observation, as well as the following statements, accurately reflect reality: are there vehicles that a person might establish in order to increase the chances that some of her/his wealth will be available to support causes that are likely to require multi-generational efforts, beyond three generations, in order to bear fruit? 118 more words
- Sixty-five percent of respondents report that their families are either “doing okay” or “living comfortably” financially, compared to 62 percent in 2013.
- Forty-seven percent of respondents say they either could not cover an emergency expense costing $400, or would cover it by selling something or borrowing money. 89 more words
Family Wealth: Keeping It in the Family by James E. Hughes, Jr. (New York: Bloomberg Press, 2004)
I particularly appreciate how this book viewed family wealth beyond just financial assets, including what the author considered the most valuable family assets – human & intellectual capital. 114 more words