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by Judy Martel (Author), James E. Hughes (Foreword by)
Few families are able to pass along their wealth successfully to the next generation. The barriers to keeping money in the family are much more formidable than the barriers to making money in the first place. Why should this be? What pitfalls are most common? How can families and their advisers increase the odds of a successful intergenerational transfer of wealth? How can they preserve the family's human and intellectual capital?
Judy Martel, CFP(R), provides insightful answers to these questions and dozens more in this richly detailed book. The Dilemmas of Family Wealth takes a fresh look at the communications barriers, misunderstandings, and generational conflicts that can pull families apart and scatter their wealth in far less time than it took to build it. Martel identifies the dilemmas that families are likely to face and offers wise counsel for overcoming the challenges they pose. Her book includes advice and perspectives from top experts in the field and frank first-person experiences related by family members with whom they have worked.
Author Biography
Judy Martel, CFP(R), is a former vice president at Asset Management Advisors (AMA), a leading multifamily office and subsidiary of SunTrust Banks, Inc. Martel has twenty years of experience in journalism and public relations. She was a newspaper journalist for eleven years, and she has written extensively on wealth issues and family dynamics for such publications as Robb Report Worth, Town & Country, and Vive magazine where she writes a regular column. She is a certified financial planner.
The book's foreword is by James E. Hughes Jr., author of Family Wealth: Keeping It in the Family (Bloomberg Press). His foreword offers the perspective of a respected longtime family counselor and a preeminent expert in the field of family governance and wealth transfer.
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