Publishing

Family Governance & Education

  • Family Governance & Education

    On our journey to obtain independence and achieve financial success, we usually prioritize having good educational experiences, a sound résumé and a career with a nice salary. The reality is that even with all this, we can still face financial disaster if we don’t develop good financial habits. The road to financial freedom requires practice and discipline. Here are a few simple steps to aid you on your journey.

  • Family Governance & Education

    Prenuptial agreements are becoming a more prevalent part of the marriage process, but most parents, children, and of course, young engaged couples, often find this subject very difficult to discuss. This paper provides helpful insight into addressing this sensitive and often taboo subject.

  • Family Governance & Education

    Strategic philanthropy has many benefits. By evaluating gift effectiveness families learn from the giving experience, gain a better understanding of the difference they are making and improve the effectiveness of their philanthropic investments along with process of giving in the future.

  • Family Governance & Education

    The expression “an elephant in the room” has been around for decades – if not longer. Readily recognized to mean an uncomfortable situation not talked about but clearly known to all.  When elephants make unwanted appearances – at dinners, parties, meetings — people get uncomfortable and begin to shut down. Overtime, these actions may cause family relationships to erode. A family whose home is full of unwanted “elephants” can begin to turn things around. Become informed, open communication, know the key players and embrace the process.

  • Family Governance & Education

    Exposing children to philanthropic endeavors is an excellent way of demonstrating family values and attaching meaning to money. Further, philanthropy often brings family members together and helps them celebrate their family history and legacy. This paper details creative ideas for actively engaging the next generation in philanthropy.

  • Family Governance & Education

    This paper provides readers an overview of the topic of family governance in addition to an approach of creating a system of family governance that has proven successful for many families. Written by GenSpring Director of Family Governance Daisy Medici and Family Wealth Advisor David Herritt, this white paper describes what we believe is one of the core elements of wealth management.

  • Family Governance & Education

    Though the challenges to successful wealth transfer across generations may seem overwhelming, they can be overcome. Freedom within a Framework provides an outline for how families can educate and prepare their heirs for the opportunities and obstacles that lie ahead.

  • Family Governance & Education

    What is it that women really want when it comes to managing their wealth? This concise two-page paper compares six common myths about women and wealth to the realities uncovered in the GenSpring Family Offices 2006 Women & Wealth study.

  • Family Governance & Education

    Trust distribution policies, either as an agreement between the trustee(s) and beneficiaries or the agreement of family members, can have a positive impact not only on the trust’s administration, but the beneficiaries overall feelings about the trust’s role in their lives.

  • Family Governance & Education

    Wealthy individuals often harbor negative feelings about their wealth: guilt, shame, or regret, but often these feelings are not discussed or acknowledged. Wealth transfer decisions made around these negative feelings can lead to resentment, dysfunction and conflict. To resolve these feelings, one must become truly aware of and accept them.