Though statistics indicate that trillions of dollars will be transferred to the younger generation in the next 50 years, the recipients of that inherited wealth are unlikely to preserve and pass on their inheritance intact. Faced with this prospect, many families today wonder how to successfully transmit to their progeny their own capacity, connections, compassion, and competency that built the original wealth, so that future generations can enjoy these same advantages, and more.
The Legacy Family, written by two experts in the field, will provide readers with a roadmap for detailing how to leave family wealth and more importantly, legacy, intact. Readers will learn a variety of skills, from how to articulate a collective vision for the future that can be embraced by all family members to the importance of creating a process so that future generations can help each member shape their own future, while nourishing their close family bonds.
This is must reading for any family that wishes to ensure that their future generations have a solid foundation on which to build successful lives.
Douglas K. Freeman is Senior Managing Director of First Foundation Advisors, a strategic planning and wealth advisory firm for individuals, families, and foundations in Irvine, California. He provides strategic planning and organizational management advice for business, nonprofit, foundation, and family clients. He has been recognized by Worth magazine as among the 100 top attorneys in the United States and was featured by Bloomberg Financial as one of the nation’s leading estate planning attorneys. He is the founder of National Philanthropy Day.
Lee Hausner is Senior Managing Director of First Foundation Advisors, and an internationally recognized clinical psychologist, business consultant and family wealth advisor. She served as the senior psychologist for the Beverly Hills Unified School District for 17 years. She is a frequent guest on national radio and television and a quoted expert in national publications such as The Wall Street Journal, Times, Forbes, Fortune, Privilege, Town and Country and Worth magazine. Lee Hausner is co-author with Doug Freeman of A Founder’s Guide to the Family Foundation, the author of Children of Paradise: Successful Parenting for Prosperous Families, and co-author of Hats Off to You: Balancing Roles and Creating Success in Family Business.
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