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Product Description What matters most in managing the family enterprise Complete Family Wealth is a comprehensive resource for growing, maintaining, and managing wealth across generations. A successor to the classic Family Wealth, now in its 20th year, this book provides updated and expanded guidance to change the way you think about your wealth and legacy. This team of expert authors―who brought the field not only Family Wealth but also Family the Compact, The Cycle of the Gift, The Voice of the Rising Generation, and Family Trusts―ground Complete Family Wealth in a clear account of the “five capitals”: human, intellectual, social, spiritual, and financial. The discussion covers the “what,” “who,” and “how” of family wealth management in clearly-delineated chapters that allow you to dip in as needed, from the principles of family enterprise to family governance, philanthropy, and more. Each family member plays a distinct role, and by exploring each member’s responsibilities in terms of the family enterprise, this book provides insights and ideas for real-world families struggling with all-too-common challenges. Growth-oriented practices today lead to generations of family flourishing in the future. This book provides the answers you need along with guidance and strategy for keeping your family’s complete wealth intact. Understand the five forms of capital that comprise “complete family wealth” Explore the roles of each family member in helping the family enterprise flourish Learn how friends, trustees, and advisors contribute to family wealth management Adopt specific practices that help families grow their complete wealth and ensure its survival through generations Family wealth can sometimes feel like more of a burden than a blessing. Developing the right understanding, character, and structures can improve family enterprise management and protect all your family’s capital from whatever the world throws your way. Complete Family Wealth is a one-stop reference for ensuring a positive legacy for future generations. From the Inside Flap What is family wealth? Is it property and capital assets alone, or something more? What matters most in managing family wealth, and what are the most effective strategies for maintaining it and conferring its advantages down through the generations? In his bestselling, Family Wealth, first published in 1997, James E. Hughes answered those questions, and in the process forever changed the way high net worth families think about passing on their heritage, their wealth, and their legacy to future generations. Now, 20 years later, in this successor volume, Hughes and coauthors Keith Whitaker and Susan E. Massenzio bring together the powerful insights, helpful tips, and timeless guidance contained in the original along with everything they've learned over the past decades about generational wealth, shared decision-making, sustainability, and purpose. Complete Family Wealth is a one-stop reference for ensuring a positive legacy for future generations. It provides practical advice for families struggling with all-too-common challenges of wealth management. But unlike other books on the subject, this one holds to the philosophy that true family wealth and its management is about more than shrewd investing, the right portfolio strategy, and tax-avoidance schemes. Every family hopes to confer advantages to future generations that are more than just material and financial. They hope to instill character and leadership, to inspire creativity and enterprise, to help all family members find and follow their individual callings, and to avoid the financial dependency and loss of initiative that often follow financial success. Unfortunately, far too many families fall short of that goal. In order to help your family avoid a similar fate, this book is firmly grounded in the principle of the "five capitals" of family wealth--namely human, intellectual, social, spiritual, and financial. From the fa