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unHeritage – 11 Pitfalls to Family Legacy and How to Avoid Them

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“unHeritage is definitely the lighthouse for protecting your family and wealth for generations. This book is a must read for anyone interested in legacy planning.” Enzo Calamo

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Center for Family Conversations

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The Center for Family Conversations (CFC) is a resource center that provides the integral tools and ideas in helping families establish a 100-year-plus Family Legacy Plan.

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THE TYCOON PLAYBOOK – How Business Empires Are Built

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The Tycoon Playbook course was created for business families who are already running a successful business and wish to ramp up their growth while preserving wealth for future generations. Specifically, the Playbook teaches high performance business owners the two most highly rewarded skills in business, namely deal-making and how to acquire cash flow producing business assets.

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CNN Financial News

Brazil falls deep into recessionRead full story for latest details. [...]

CEO of Ashley Madison parent company steps down after hackThe CEO of Ashley Madison's parent company, Avid Life Media Inc., stepped down Friday. [...]

Stocks: Wild ride not over yetThe wild ride for stocks may not be over yet. [...]

Google to kill single most annoying thing about browsing the WebRead full story for latest details. [...]

Apple Music exec quits two months after launchIan Rogers, a senior Apple Music executive, is leaving Apple. [...]

Hurricane Katrina turned this guy into a seafood mogulIt's a spring day on the Louisiana bayou, and Bozidar "Bo" Jakov Cibilic is hauling i [...]

HSBC error leaves thousands of Brits without payThousands of Brits were left without pay heading into the holiday weekend after HSBC botched payment [...]

 

CNN Small Business News

Indiegogo CEO: Want money? Here's the trickRead full story for latest details. [...]

Toy set teaches kids about diversityRead full story for latest details. [...]

NRA sues Seattle over $25 gun taxNational Rifle Association and National Shooting Sports Foundation say Seattle gun tax violates Wash [...]

Michigan mayor wants to ban flamethrowersRead full story for latest details. [...]

U.S. sees spike in black and Hispanic women entrepreneursWhen it comes to small business in the United States, more women are running the show. An analysis o [...]

AT&T brings 21st century skills to rural SalinasA new program called AdelanTECH Leadership programs provides one-year training to bridge the tech ga [...]

Zirtual insanity: Livelihoods of 400 in flux as startup shuttersZirtual shut down on Monday, notifying its 400 employees via email. Founder Maren Kate Donovan said [...]

 

CNN Money News

Can your employer see everything you do on your company phone?Smartphones are expensive. So using the one your employer gives you can save a lot of money. But in [...]

3 moves to make in a crazy marketReacting emotionally to wild stock market swings could do your retirement savings more harm than goo [...]

This company is trying to make life easier for employees with babiesSix months after announcing it will expand paid parental leave, the consulting firm Accenture boosts [...]

Where you'll get the biggest pay raise next yearWhere you live plays a part in how much of a raise and bonus you'll get relative to the rest of [...]

Your degree will earn you the most from these collegesArt majors can make big bucks, too. Find out which school has the highest paid grads in your major. [...]

The cheapest degrees that will earn you $70,000 a yearRead full story for latest details. [...]

Homes sell the fastest in these marketsThe pace of home sales is starting to slow in markets throughout the country, according to a new rep [...]

 

Fortune Magazine

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Reuters Business News

LONDON (Reuters) - Fears over the health of China's economy kept world markets on edge this wee [...]

(Reuters) - BNY Mellon Corp's computer glitch this week disrupted pricing on nearly 5 percent o [...]

NEW YORK (Reuters) - U.S. consumer sentiment fell in August, a survey released on Friday showed. [...]

JACKSON HOLE, Wyo. (Reuters) - Recent market turmoil should not delay the Federal Reserve from raisi [...]

(Reuters) - Wall Street opened lower on Friday, suggesting investors were wary of taking big positio [...]

This month's wild ride in global stocks and fears of an emerging market crisis led funds to rai [...]

(Reuters) - U.S. funds cut recommended equity allocations in August and increased exposure to debt, [...]

 

Reuters Economy News

CARACAS (Reuters) - Venezuela confirmed on Tuesday it had entered a recession while inflation remain [...]

WASHINGTON (Reuters) - The Obama administration on Tuesday bowed to months of growing pressure over [...]

NEW YORK (Reuters) - Investors backed away from global equity markets on Tuesday, with light volume [...]

NEW YORK (Reuters) - U.S. stocks fell on Tuesday as investors engaged in profit-taking to pull major [...]

NEW YORK (Reuters) - Crude futures closed up slightly Tuesday, getting some relief from a weak dolla [...]

NEW YORK (Reuters) - The U.S. dollar hit a 1-1/2-week low against the safe-haven yen on Tuesday afte [...]

BUENOS AIRES (Reuters) - Crunch time for Argentina fixing its debt default will almost certainly not [...]

 
 

Archive for June 23rd, 2012

 
  • Neil Burgess: How your brain tells you where you are

     
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  • Family business succession needs work – BY MARIO TONEGUZZI, CALGARY HERALD JUNE 1, 2012

    Family business succession needs work – BY MARIO TONEGUZZI, CALGARY HERALD JUNE 1, 2012

    Transition from one generation to the next is failing Almost half of Canada’s family businesses expect to see an intergenerational transfer of management and/or ownership within the next five years.   But a new KPMG Enterprise report says that over 80 per cent have no formal plans in place to manage the family dynamics of the business, intergenerational wealth, and help prepare future generations to continue the family business legacy.   The report: Family Ties — Canadian Business in the Family Way was developed in co-operation with the Canadian Association of Family Enterprise.   “We know Canadian business families are in good shape and are optimistic about the future,” said Allen Taylor, chair of the CAFE. “However, the general knowledge and understanding of family businesses in Canada is sparse – this study aims to advance the understanding of family businesses, their current and future owners, and the attributes that equate to their success.”   Franco Lombardo, author of Great White Elephant: Why Rich Kids Hate Their Parents and financial adviser to high net worth families on wealth transition, was in Calgary this week and said more than 70 per cent of business successions fail from the first to the second generation.   “And you have the best legal, accounting and investment management minds working with these families … You’ve got to ask yourself: What’s not working?,” he said.   In his stable of clients, he works with six families that have an aggregate net worth of $8.4 billion — three of those families are in Alberta.   “Generally speaking, when it comes to advice on wealth transition and business succession planning, the current focus within the succession planning industry is nearly always upon the technical aspects of the process,” he writes in the book. “This approach is driven by the structural and tax-related issues, and typically never takes into account the emotions of the individuals involved.”   Lombardo said the book, which is out next week, was written with one goal in mind — increasing the odds of success in passing on wealth or the ownership of a business to the next generation.   “Contrary to popular, current industry practices, I firmly believe there is a much better way — and perhaps it’s the only way — to successfully bequeath wealth to your children,” he writes in his book. “The hallmarks of this better way require of those involved the ability to implement the process of wealth transition consciously, intentionally, and with a deep sense of love and in a state of generosity.   “Being mindful of the power of these emotional conditions also serves to create a more appropriate climate for wealth transition since they facilitate receptivity in those to whom the gift of wealth is to be bequeathed, and enable them to grasp the spirit of intention with a similar sense of love and in a similar state of generosity.”   Key findings of the report include: the biggest challenge facing future generations is gaining the right experience, […]

     
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  • Brian Greene: The universe on a string

     
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The International Association of Advisors in Philanthropy is the leading charitable giving organization in the world for inspiring collaboration among professionals.

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