Archive for August, 2014

 
  • Preparing Heirs by Bill High

    Preparing Heirs by Bill High     What is it about our kids that prompt such great emotion – from elation to depression? Certainly, there is no greater joy than to see our children flourish and no greater agony than to see them wander from our values and our beliefs.   Irony: neglecting the “soft” side   The greatest irony in family estate planning: spending countless hours on the “hard” side of assets while giving lip service to the “soft” side of people development.    The tendency in estate planning is to prepare legal documents that transfer financial wealth without preparing our children for true legacy. What does preparing our children for true legacy mean?   Preparing children for true legacy   Life is often a blur in the child-raising years. In the same timeframe that we are raising kids, we are building our careers. And frankly, some of us tend to do a better job of building financial wealth than “family wealth.” Much of what our children learn is left to chance: whatever they observe along the way.   When things finally settle down a bit, the children are graduated, off to college, or even absorbed with starting their own careers and families.    What is family wealth?   In his book, Family Wealth, James Hughes discusses the importance of human capital that includes the following outcomes – ideally for all family members:   They are thriving They have a strong sense of purpose, passion, and calling They have a strong sense of work ethic and character qualities like integrity, honesty, and compassion They have interpersonal relationships both within the family and externally They understand that life does not revolve around them but that instead they are part of a greater whole, a greater cause They have spiritual grounding They are generous.   These are big ideas, which go way beyond transferring financial capital. They go to transferring intellectual capital, social capital, emotional capital, and spiritual capital as well.   Good relationships require intentionality   It’s time spent with children with intentionality – making sure they understand our story and that we understand theirs. It is time spent repairing relational damage that is unintentional but inevitable. It is making sure they are healthy, thriving, and feeling fulfilled.    Giving together creates unity   One of the best tools I’ve found to bring families together is giving together. Structurally, that may take the form of creating a foundation or a donor advised fund. But practically, it simply means doing some giving together.   Giving is the great equalizer. Suffice it to say that giving prompts conversations that everyone can participate in regardless of age or experience.   Investing in legacy   So what do you want when you think about your heirs – great joy or great agony? It will take great effort to achieve the former. It must go beyond estate documents. Estate documents are a part, but they really should be guided with the influence of all forms of capital – […]

     
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  • Buffett helps Burger King bite off U.S. tax

    Buffett helps Burger King bite off U.S. tax   Warren Buffett’s company Berkshire Hathaway is helping fund Burger King’s corporate move to Canada. Does it mesh with his previous comments on taxes?

     
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  • Steve McQueen’s Ferrari: $10.2M

    Steve McQueen’s Ferrari: $10.2M   The late actor Steve McQueen is a legend in the world of cars. Get up close with his red Ferrari that was just bought by an anonymous bidder for over $10 million

     
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  • Martin Rees: Can we prevent the end of the world?

    Martin Rees: Can we prevent the end of the world?   A post-apocalyptic Earth, emptied of humans, seems like the stuff of science fiction TV and movies. But in this short, surprising talk, Lord Martin Rees asks us to think about our real existential risks — natural and human-made threats that could wipe out humanity. As a concerned member of the human race, he asks: What’s the worst thing that could possibly happen?

     
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  • Jill Shargaa: Please, please, people. Let’s put the ‘awe’ back in ‘awesome’

    Jill Shargaa: Please, please, people. Let’s put the ‘awe’ back in ‘awesome’   Which of the following is awesome: your lunch or the Great Pyramid of Giza? Comedian Jill Shargaa sounds a hilarious call for us to save the word “awesome” for things that truly inspire awe.

     
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  • Why we have too few women leaders

    Why we have too few women leaders   Facebook COO Sheryl Sandberg looks at why a smaller percentage of women than men reach the top of their professions — and offers 3 powerful pieces of advice to women aiming for the C-suite.

     
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  • Tim Harford: Trial, error and the God complex

    Tim Harford: Trial, error and the God complex   Economics writer Tim Harford studies complex systems — and finds a surprising link among the successful ones: they were built through trial and error. In this sparkling talk, he asks us to embrace our randomness and start making better mistakes.

     
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  • Why happy is closer than you think | Cesar Gonzalez

    Why happy is closer than you think | Cesar Gonzalez    Cesar talks about “quarter turns”, a surprising idea for living a full and happy life. As StartingBloc CEO, his mission in life is unite and unlock the generation of leaders who are building a future that works for everyone.   Cesar believes that for the first time in history we have the opportunity, the tools and the human will to end our world’s most pressing problems. As CEO of StartingBloc, he lives out this belief by supporting today’s generation of change-makers.

     
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Center for Family Conversations

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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