{"product_id":"the-cycle-of-the-gift-family-wealth-and-wisdom-hardback-9781118487594","title":"The Cycle of the Gift; Family Wealth and Wisdom (Hardback) 9781118487594","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eThe Cycle of the Gift\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eFamily Wealth and Wisdom\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eJames E. Hughes, Jr. (Author), Susan E. Massenzio (Author), Keith Whitaker (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781118487594, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 30 November 2012\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e192 pages\u003cbr\u003e21.8 x 14.7 x 2.3 cm, 0.34 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003e\u003cp\u003e\u003cb\u003eA comprehensive guide to giving well to family members\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGiving is at the core of family life--and with current law allowing up to $5,120,000 in tax-free gifts, at least through December 2012, the ultra-affluent are faced with the task of giving at perhaps largest scale in history. Beyond the tax saving and wealth management implications, giving to family members opens up a slew of thorny questions, the biggest of which is, \"How do I prepare recipients of such large gifts?\" With that question and others in mind, Hughes, Massenzio, and Whitaker have written \u003ci\u003eThe Cycle of the Gift\u003c\/i\u003e in three main parts: \"The Who of Giving,\" \"The How of Giving,\" and \"The What and Why of Giving.\" The first part focuses on the people most deeply involved in family giving, especially the recipients and givers (parents, grandparents, spouses, trustees). The second part, \"The How of Giving,\" addresses the delicate balance of givers who want to maintain some level of control and recipients who want some level of freedom in accepting and growing their gifts. The final part, \"The What and Why of Giving\" describes various types of gifts, from money to business interests to values and rituals. The authors also introduce their \"family bank\" concept as a model that combines loans, trusts, and outright gifts. It embodies a framework and set of practices for long-term family growth. Even families without great wealth--or those who have already made large gifts to their children and grandchilren--can benefit from the human wisdom and practical advice found in \u003ci\u003eThe Cycle of the Gift\u003c\/i\u003e.\u003c\/p\u003e\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e\u003cp\u003ePreface xv\u003c\/p\u003e \u003cp\u003eAcknowledgments xix\u003c\/p\u003e \u003cp\u003eIntroduction xxv\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 The Elephant in the Room 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGrandparents’ Checks 2\u003c\/p\u003e \u003cp\u003eWhen Giving Becomes an Opportunity 4\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 The Spirit of the Gift 7\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhere the Spirit Leads 11\u003c\/p\u003e \u003cp\u003e\u003cb\u003eThe Who of Giving\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Becoming a Wise Giver 17\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eKnow Thyself 18\u003c\/p\u003e \u003cp\u003eHow Much? 21\u003c\/p\u003e \u003cp\u003eGuilt and Remorse 24\u003c\/p\u003e \u003cp\u003eNothing Too Much 26\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Receiving Wisely 29\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Bad Investment? 30\u003c\/p\u003e \u003cp\u003eThe Psychological Stages of Giving 32\u003c\/p\u003e \u003cp\u003eGiving and the Work Ethic 36\u003c\/p\u003e \u003cp\u003eNot Yet 39\u003c\/p\u003e \u003cp\u003eMeteors and Resilience 41\u003c\/p\u003e \u003cp\u003eInvesting in Recipients 44\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Spouses 47\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLearning from Yourselves and Each Other 47\u003c\/p\u003e \u003cp\u003eThree-Step Process 48\u003c\/p\u003e \u003cp\u003eBlended Families 50\u003c\/p\u003e \u003cp\u003ePrenuptial Discussions 51\u003c\/p\u003e \u003cp\u003eFiscal Unequals 54\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Grandparents 57\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGrandparents’ Great Opportunity 57\u003c\/p\u003e \u003cp\u003eInvolving Parents 58\u003c\/p\u003e \u003cp\u003eGrandparents and Philanthropy 61\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Trustees \u003c\/b\u003e67\u003c\/p\u003e \u003cp\u003eThe Choice of Trustee 67\u003c\/p\u003e \u003cp\u003eThe Type of Trustee 69\u003c\/p\u003e \u003cp\u003eThe Relationship between Beneficiary and Trustee 69\u003c\/p\u003e \u003cp\u003eA Regenerative Role 74\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Elders \u003c\/b\u003e77\u003c\/p\u003e \u003cp\u003eIntergenerational Dynamics 78\u003c\/p\u003e \u003cp\u003eGrowing Elders 79\u003c\/p\u003e \u003cp\u003eThe Work of Elders 81\u003c\/p\u003e \u003cp\u003e\u003cb\u003eThe How of Giving\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Control versus Freedom 87\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Myth of the Free Gift 87\u003c\/p\u003e \u003cp\u003eCui Bono? 88\u003c\/p\u003e \u003cp\u003eThe Giving of Accounts 90\u003c\/p\u003e \u003cp\u003eLetting Be 92\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Fair versus Equal, Separate versus Together 97\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Balancing Act 98\u003c\/p\u003e \u003cp\u003ePot Shots 100\u003c\/p\u003e \u003cp\u003eFlourishing 102\u003c\/p\u003e \u003cp\u003ePromises 103\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Giving Outright, via Loans, or in Trust? 107\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOptions 108\u003c\/p\u003e \u003cp\u003eSharing the Spirit 108\u003c\/p\u003e \u003cp\u003eMaking Loans Work 109\u003c\/p\u003e \u003cp\u003eWhy Trusts? 110\u003c\/p\u003e \u003cp\u003eThe Family Bank 113\u003c\/p\u003e \u003cp\u003eForm versus Function 115\u003c\/p\u003e \u003cp\u003e\u003cb\u003eThe What and Why of Giving\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 What Families Give 121\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHomes 121\u003c\/p\u003e \u003cp\u003eBusiness Interests 125\u003c\/p\u003e \u003cp\u003eValues 131\u003c\/p\u003e \u003cp\u003eRituals 134\u003c\/p\u003e \u003cp\u003eReputation 136\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 The Why of Giving 141\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhy \u003ci\u003eNot \u003c\/i\u003e142\u003c\/p\u003e \u003cp\u003eThe Family Tree 144\u003c\/p\u003e \u003cp\u003eGiving Thanks 146\u003c\/p\u003e \u003cp\u003eAbout the Authors 151\u003c\/p\u003e \u003cp\u003eIndex 155\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Finance \u0026amp; accounting [\u003ca title=\"See our other books on Finance \u0026amp; accounting\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Finance%20\u0026amp;%20accounting%20%5BKF%5D%22\"\u003eKF\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Bloomberg Press","offers":[{"title":"Brand New","offer_id":52165737218328,"sku":"9781118487594","price":24.19,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9781118487594_249315.jpg?v=1781099953","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/the-cycle-of-the-gift-family-wealth-and-wisdom-hardback-9781118487594","provider":"Freshly Printed Books","version":"1.0","type":"link"}