There’s no better time than now to unlock the secrets behind effective succession and wealth transition. In this wise and accessible book, author Emily Griffiths-Hamilton—a leading expert in the field—does just that. The path to success, she argues persuasively, is the Family Bank, a dynamic approach that any family, at any stage in its life cycle, can adopt.
The failure rate for succession plans today is an astounding 70 per cent. The reason for this, Griffiths-Hamilton explains, is because the traditional approach to wealth transition planning—controlling financial assets and minimizing or deferring taxes—gets the process backwards. The Family Bank approach, by contrast, pays close attention to the human elements of a family. Only once those are understood can effective financial structures be developed to meet each family’s needs.
In these books, you’ll learn how to create your own Family Bank, beginning with the solid foundation of your family’s shared values and vision. Griffiths-Hamilton explains how you can assess all of your family’s assets-human, intellectual and financial-and prepare succeeding generations to steward those assets successfully.
