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

    GenSpring gathered more than 80 women for a Women’s Retreat, a weekend-long learning event for clients ranging in age from 21 to 91. During one general session, participants were grouped by generation to share their experiences communicating across generations and then did the same in cross-generational groups. Throughout robust discussions, several insights emerged.

  • Family Governance & Education

    Director of Family Education Lauren Benenati details our approach to education in a new white paper she has authored titled Education: The Foundation for a Successful Life with Wealth. In the paper, Lauren shares that the ultimate goal of GenSpring’s process is to help instill an ownership mentality in the next generation, even when the next generations assets are held in Trust.

  • 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

    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.

  • Family Governance & Education

    For more than 20 years, GenSpring has focused on women and wealth, the unique set of values women bring to the various discussions surrounding wealth, and how and why these values form. We’ve allocated resources in this area because we recognize money management means way more to women than simply asset allocation and risk tolerance.