Family Wealth: Keeping It in the Family - Softcover

James E. Hughes Jr.

Softcover

ISBN 10: 0966391500 ISBN 13: 9780966391503

Publisher: Netwrx, 1997

Synopsis

The landmark book that changed the way exceptional families think about their heritage, their wealth, and their legacy to future generations--now revised and expanded.

Every family, looking at the next generation, hopes to confer advantages that are more than just material and financial--to inculcate character and leadership, to inspire creativity and enterprise, to help all family members find and follow their individual callings, and to avoid the financial dependency and loss of initiative that can all too often be an unwanted consequence of financial success. Yet many families never succeed in realizing that vision, much less sustaining it for three, four, or five generations and beyond.

James Hughes has thought deeply about these challenges, and his insights are at once practical and profound. For more than three decades, he has personally guided multiple generations of families in creating strategies to preserve their human and intellectual capital as well as their financial assets. His teachings synthesize insights from psychology, anthropology, political history, philosophy, economic theory, and the law, with examples ranging from Aristotle to cutting-edge social science theory. His ideas have been taken up by numerous exceptional families, by their advisers, and by scores of authors, practitioners, and academics who have found value in the methods he pioneered.

The first edition of this book, privately published, became a word-of-mouth classic. Now, Hughes has updated and substantially expanded it with new chapters that challenge conventional notions of wealth and offer guidelines for conserving family assets in the broadest senses. Filled with tested principles and practices for family governance and joint decision making, it is a rich source of workable wisdom that family members can put into practice today, to the enduring benefit and gratitude of future generations.

About this title

From the Back Cover:

Jay Hughes is a practicing counselor at law in New York City, an historian, and a pilgrim. He is the fifth generation of his family to be called to the legal profession. Jay has spent 30 years working exclusively with families all over the world and the institutions that serve them. He was educated at the Far Brook School and later graduated from the Pingry School, Princeton University and the Columbia University School of Law. He is a global citizen, residing in Aspen, New York City and airplanes.

About the Author:

JAMES E. HUGHES, JR., ESQ.

Mr. Hughes is the author of the book Family Wealth: Keeping It in the Family, and numerous articles on family governance and wealth preservation. He is the founder of a law partnership in New York City, Hughes and Whitaker, specializing in the representation of private clients throughout the world. He frequently facilitates multi-generational family meetings with a special emphasis on mission statements and governance issues. He has spoken frequently at numerous international and domestic symposia on international estate and trust planning. He is a member of the Board of The Philanthropic Initiative, a Councillor to the Family Office Exchange, an emeritus faculty member of the Institute for Private Investors and a member of the Board of the Albert and Mary Lasker Foundation and a Senior Dean of the FOX Family Learning Center and a member of the Board of the FOX Foundation. In addition, Mr. Hughes is an advisor to New Ventures in Philanthropy. He is also a member of the boards of various private trust companies, an advisor to numerous investment institutions and a member of the editorial boards of various professional journals. Mr. Hughes was a partner of the law firms of Coudert Brothers and Jones, Day, Reavis and Pogue. He is a graduate of the Far Brook School, The Pingry School, Princeton University and The Columbia School of Law.

About this edition

• Publisher: Netwrx
• Publication date: 1997
• ISBN 10: 0966391500
• ISBN 13: 9780966391503
• Binding: Paperback
• Edition number: 1
• Number of pages: 148