Are you planning a substantial transfer of wealth this year? You’re not alone! Due to anticipated changes in United States tax law, many affluent Americans are considering the option to transfer substantial amounts of family wealth into the hands of their beneficiaries in order to maximize the current lifetime exemption from federal gift or estate
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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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INTRODUCTION: As you know, the US is implementing a three-phased approach to reopen the economy after stay-at-home orders are lifted. Just as the US is saying it’s time to open our economy, it’s time for us to open up family conversation again. In Phase 2 conversations, we grapple together with honesty about our response to this current
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INTRO: Whether you’re together or separated from your family members right now, we know you’re doing your best to stay connected, and desiring to have meaningful conversations, but may be unsure where to begin. All of us are working to make vital pivots to adapt to this new reality, and facing unique challenges. None of
Read more INTRO: Whether you’re together or separated from your family members right now, we know you’re doing your best to stay connected, and desiring to have meaningful conversations, but may be unsure where to begin. All of us are working to make vital pivots to adapt to this new reality, and facing unique challenges. None of
Read more INTRO: Whether you’re together or separated from your family members right now, we know you’re doing your best to stay connected, and desiring to have meaningful conversations, but may be unsure where to begin. All of us are working to make vital pivots to adapt to this new reality, and facing unique challenges. None of
Read more INTRO: Whether you’re together or separated from your family members right now, we know you’re doing your best to stay connected, and desiring to have meaningful conversations, but may be unsure where to begin. All of us are working to make vital pivots to adapt to this new reality, and facing unique challenges. None of
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By way of reminder, Day # 13’s Idea was for each family member to rate each of the happiness attributes – found in my LEGACY Book (pages 69-70) – in terms of the extent they are utilizing or practicing them in their lives. Day # 14 Idea Today’s idea is to watch this Short
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By way of reminder, Day # 12’s Idea provided an opportunity for families to work together to get things done around the house. For example, make a list of tasks that need to be completed and divide them up among family members. Day # 13 Idea Today’s idea provides these two images taken from my
Read more By way of reminder, Day # 11’s Idea was an opportunity for families to create a fun, shared experience, especially with their elementary age children, by turning your kitchen into a restaurant. Day # 12 Idea Today’s idea is family teamwork. More specifically, working together to get things done around the house. For families with
Read more By way of reminder, Day # 9’s Idea focused on the importance of parents “putting their masks on first” (reducing their levels of stress) in order to take care of themselves and their loved ones. Day # 10 Idea Today’s idea provides another opportunity for families to have a meaningful conversation. Especially for families with
Read more By way of reminder, Day # 8’s Idea was to discuss how your family can love others during this time – aka, true family philanthropy. Day # 9 Idea Today’s idea is based on the important metaphor: “Put your oxygen mask on first, before helping others.” My wife and I are doing everything we can
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