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

“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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THE TYCOON PLAYBOOK – How Business Empires Are Built

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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Lugen Family Office Proudly Supports AIP

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

Enzo Calamo,
AIP Ambassador, Past President

To learn more about AIP, click here

 
 

Family Office

 
  • Top Family Office CEOs Earned $830,000 in 2014, Fidelity Says

    Chief executive officers of the largest U.S. single family offices earned a median $830,000 in 2014 including salary, bonus and long-term compensation, according to Fidelity Investments, as competition for talent boosts its value.

     
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  • Family Office Compensation Expected to Increase by 3 Percent in 2016

    New FOX Study Provides Salary Info on 25 Different Family Office Positions

     
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  • Over a third of family office CEOs are female, says research | Campden FB

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  • The Evolution of Family Offices

    As the family office market evolves, small family offices will continue to offer unique and specialized services to their clients as well as strategically partner with other offices, allowing them to fend off stiff competition from private banks…

     
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  • Asset Transparency in Families of Wealth & Family Business – David Berek

    Asset Transparency in Families of Wealth & Family Business – David Berek   Chicago attorney Dave Berek explores the question, “To Reveal or Not Reveal?” in his presentation, The Transparency Myth in Families of Wealth and Family Business, together with co-panelists Dr. James Weiner and Nadine Scully at the Family Firm Institute  

     
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  • The Idea of Family Wealth

    The Idea of Family Wealth   This topic is absolutely foreign to the middle class, and even many high income earners. I myself have never experienced it;, my education comes directly from speaking with wealthy individuals and observing some of the richest families in history. The Idea of Family Wealth.

     
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  • Family vs. Business by Family Wealth Coach

    Family vs. Business by Family Wealth Coach     As a business owner, you take on a unique challenge. Every day you are faced with both business and family decisions. And family business owners deal with this even more.   Sometimes people feel that those two aspects of their lives are really at odds with each other. They absolutely can be—but they don’t have to be if you manage both of them carefully.   Think about your family and business in terms of a pendulum, or a teeter-totter. Your family is on one side, and your business on the other. Every decision you make will have both business and family implications. For example, promoting one of your children as CEO, or even deciding when your children will engage with the business as either employees or shareholders, will have an effect at home and at work.   Sometimes you will have to prioritize business over family, or family over business. Again, think of the teeter-totter, when you make a decision for one side, the other side will also be impacted.   The key take away here is that Estate plans have to consider both – who gets voting control, who will manage the business, how will you look after your family? Balancing a teeter-totter (or a family and a business) is not easy when both sides are so intricately linked to each other.   The name “teeter-totter” may suggest otherwise, but finding the equilibrium is always possible with some careful planning and accurate adjustments. The same is true for your family and your business.

     
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  • Do you have a Chief Legacy Officer? by Family Wealth Coach

    Do you have a Chief Legacy Officer? by Family Wealth Coach   No, that’s not a mistake in the title. But we wouldn’t blame you for thinking that, because Chief Legacy Officers are a relatively new idea.   We get lots of feedback about how much the “values and vision” concepts in our blogs resonate with readers. We can imagine though, that with everything else that’s going on in your life, it can be difficult to implement some of those ideas as effectively, efficiently and directly as you’d like. That’s where the Chief Legacy Officer comes in.   The idea behind the “Chief Legacy Officer” originated from the Family Office Exchange. It’s an idea that we’re enthusiastic about because a Chief Legacy Officer is to values and vision, what a CEO is to executive decisions, and a CFO is to financial decisions. We firmly believe that decisions about values, vision and mission play as crucial of a role in your business and family office as the executive and financial decision-making aspects. After all, there needs to be a driving reason behind making those executive and financial decisions.   A Chief Legacy Officer can help to define governance structures, and can be designated to implement some of the important concepts that we’ve discussed in past blogs such as engaging and educating the next generation.   This isn’t a fluffy role; it should be taken just as seriously as the selection of a CEO and CFO. However, one difference to consider between those roles and a Chief Legacy Officer is that experience isn’t always an asset. Leaving this role to the first generation can have risks. Incorporate the second and third generation’s views. The first generation’s take on all of this is great, but it will fade with them if the younger generation’s views are not also considered.   Incorporating a Chief Legacy Officer gives you the opportunity to focus attention and energy on all angles of your family business and estate—not just the obvious ones.

     
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Enzo Calamo Is A Best Selling Author

Enzo Calamo is the Best Selling co-author of "How To Create Infinite Returns In Real Estate Using The Secret Asset: How To Recover All Business and Personal Expenses Using The Secret Asset" This is a must read for every affluent investor.

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FAMILY OFFICE OF THE YEAR

Lugen Family Office was recognized as the Family Office of The Year in 2016 in Canada by Wealth and Finance International Magazine

Read Our Article on pp 16-17

 

Enzo Calamo Is A Gold Award Curator

Scoop.it describes Enzo Calamo "as a rock star of content curation."

Lugen Family Office is the Most Trusted Online Curator on Legacy Planning, Wealth Management, Financial Literacy, Family Business, Philanthropy, Technology Trends, Healthy Living, and the UHNW.

ALL POSTS ARE CURATED BY ACTUAL EXPERTS!

Check out our 11 Gold Award UHNW Newswires.

Check out over 67,000 Complimentary Posts from Enzo Calamo

 

Latest News

 

Lugen Family Office Proudly Supports AIP

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

Enzo Calamo,
AIP Ambassador, Past President

To learn more about AIP, click here

 

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