In a recent article titled, 17 Celebs Who Won’t Leave Their Kids An Inheritance, celebs like Bill Gates, Jackie Chan, Sting, Marie Osmond, and Laurene Powell Jobs all said they will not leave an inheritance for their children. For example: “It’s not a favor to kids to have them have huge sums of wealth.
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The top two questions that keep wealth creators and wealth holders up at night are: How and when do I talk to my children about our family wealth? How do I prepare my children for the opportunities and responsibilities of family wealth; especially so they don’t become entitled or trustafarians? Legacy Capitals has written articles
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According to a recent survey from Charles Schwab [referenced in an online article by Financial Advisor Magazine], “…respondents said that on average being wealthy means having a personal net worth of $1.9 million. That’s down from $2.6 million in the prior year’s annual “Modern Wealth Survey.” “Survey participants also lowered the bar for how much
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Happy International Women’s Day! Last week I had the opportunity to facilitate a dynamic conversation with the professionals of a Multi-Family Office firm. The topic of our conversation was how to improve service to female clients. They wisely highlighted that women are individuals – there’s no one approach you can take, event you can plan,
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In my first book LEGACY, I present a chapter on the five capitals everyone possesses, represented by the acronym, FISHS. F = Financial Capital | I = Intellectual Capital | S = Social Capital | H = Human Capital | S = Spiritual Capital In my Trusts & Estates article – Preparing for the Assets
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Matisse was a 2019 first round draft pick for the Philadelphia 76ers. Both in college and now in the pros, he is known for his defensive prowess. Matisse is in his second NBA season and although he rarely starts a game, when he comes off the bench he immediately makes an impact whether it is
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Todd Martin is an American retired tennis player. He reached the men’s singles final at the 1994 Australian Open and the 1999 US Open and achieved a career-high singles ranking of world No. 4. On a related note, Kobe Bryant was interviewed a few years ago on the Tennis Channel regarding his book Legacy and
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Robert De Niro won an Academy Award for his performance as Vito Corleone in the 1974 film The Godfather: Part II (making Brando and De Niro the only people to win Oscars for playing the same character). There is a lot families should learn NOT to do that Di Niro’s character Vito Corleone did in
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A few years back, I was asked to present at a YPO meeting regarding how to help families flourish in the context of significant wealth (via my book LEGACY). Also presenting at the YPO meeting was NYTimes bestselling author Bruce Feiler. Between sessions I had a few minutes to share ideas with Bruce; in particular,
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John Starks is a New York Knicks legend. He is 6′ 3″, played about eight seasons with the Knicks, and was known for his tenacity and grit. It was during a 1993 playoff game against the Chicago Bulls (and yes, Michael Jordan) that John dribbled the ball the length of the court and with fifty
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Recently I had a chance to meet John Maxwell. The night I met John, he spoke to an audience about his new book, Change Your World. During his comments he said: “When you stop loving your people, stop leading your people.” I quoted John Maxwell in my first book LEGACY. He said, “Leaders wake up
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In case you have missed our Family Flourishing webinars, below you will find a recorded copy. This 30-minute video presentation will provide you with a psychological framework and 14 practical ideas to help you and your loved ones flourish during these times of great uncertainty! Click on the image below. www.LegacyCapitals.com 609.917.0161
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