Kids, Wealth, and Consequences: Ensuring a Responsible Financial Future for the Next Generation
Kids, Wealth, and Consequences enlightens high-net-worth parents about the unique issues they need to explore. The book addresses the ”hard” financial issues, such as investing and estate planning, as well as the “soft” emotional issues relating to values, family, and communication. Morris and Pearl detail strategies and techniques to help parents raise children who appreciate and know how to manage the wealth they inherit.
Richard Morris spent many years working for his family's multimillion dollar business, and learned firsthand the challenges of business ownership and family wealth.
Jayne Pearl is an experienced journalist who writes about families, family businesses, and money.
SECTION I: Financial Choices.
1 Calculating Your Family's Future.
2 To Trust and How to Trust.
3 Portfolio Management.
SECTION II: Intellectual Choices.
4 Financial Literacy.
5 Skills and Experience.
6 Goals and Purpose.
SECTION III: Spiritual/Emotional Choices.
7 Success and Happiness.
9 Navigating the High–Net Worth Environment.
SECTION IV: Integrating Your Choices.
10 The Family Glue.
11 Pulling It Together.
Jayne A. Pearl has been a financial journalist for nearly thirty years, focusing on family business and advising parents about children and money. She has been quoted extensively in print and television media. She was a senior editor at Family Business magazine and also worked at Forbes. Pearl is the author of Kids and Money. She lives in Amherst, Massachusetts.