For Love & Money

There are few books available to prepare parents who want to raise children who are able to receive money and use it responsibly. The old ways of transferring assets to children and grandchildren-which rely solely on legal and tax advice-are not working. A whole new way of looking at this challenge is necessary. "For Love & Money" introduces a new paradigm, which the author calls the "Integrated Wealth Transfer Process." This process is explained in detail in an easy to understand way that will enable families to learn how to discuss sensitive subjects openly and honestly, thereby reaching mutual consensus regarding the family mission and the management of family assets. Also included are two useful appendices: "Succession Instruments" and "Recommended Additional Reading." Roy O. Williams is a recognized authority in the field of family coaching, and all of the information in this book was gathered during his work with families over the past thirty years.

CONTENTS: The Integrated Wealth Transfer Process; Trust and Communication; Family Meetings and the Family Coach; Introducing Your Business Self to Your Family; How Your Business Affects Your Family; Sharing Family Values; Feelings, Values and Goals; When the Children Are Young; Developing the Family Team; The Use of Money; Involving Your Family with Money; How You View Your Children; Involving Your Family with Your Business; Estate and Succession Planning; Teaching Your Family to Deal with Professionals; The Right Kind of Assistance; The Challenge of Relinquishing; Choosing the High Road; Completing the Process; Our Reluctance to Ask for Help.