The Cycle of the Gift

Family Wealth and Wisdom

Business & Finance, Finance & Investing, Finance
Cover of the book The Cycle of the Gift by James E. Hughes Jr., Susan E. Massenzio, Keith Whitaker, Wiley
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: James E. Hughes Jr., Susan E. Massenzio, Keith Whitaker ISBN: 9781118488379
Publisher: Wiley Publication: October 17, 2012
Imprint: Bloomberg Press Language: English
Author: James E. Hughes Jr., Susan E. Massenzio, Keith Whitaker
ISBN: 9781118488379
Publisher: Wiley
Publication: October 17, 2012
Imprint: Bloomberg Press
Language: English

A comprehensive guide to giving well to family members

Giving 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 The Cycle of the Gift 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 The Cycle of the Gift.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

A comprehensive guide to giving well to family members

Giving 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 The Cycle of the Gift 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 The Cycle of the Gift.

More books from Wiley

Cover of the book The Law of Higher Education, 5th Edition by James E. Hughes Jr., Susan E. Massenzio, Keith Whitaker
Cover of the book Graphic Standards Field Guide to Home Inspections by James E. Hughes Jr., Susan E. Massenzio, Keith Whitaker
Cover of the book Funding Your Retirement by James E. Hughes Jr., Susan E. Massenzio, Keith Whitaker
Cover of the book Low Impact Development and Sustainable Stormwater Management by James E. Hughes Jr., Susan E. Massenzio, Keith Whitaker
Cover of the book Practical Guide to Diagnosing Structural Movement in Buildings by James E. Hughes Jr., Susan E. Massenzio, Keith Whitaker
Cover of the book Computational Network Theory by James E. Hughes Jr., Susan E. Massenzio, Keith Whitaker
Cover of the book Extraordinary Circumstances by James E. Hughes Jr., Susan E. Massenzio, Keith Whitaker
Cover of the book Understanding, Assessing, and Rehabilitating Juvenile Sexual Offenders by James E. Hughes Jr., Susan E. Massenzio, Keith Whitaker
Cover of the book Models. Behaving. Badly. by James E. Hughes Jr., Susan E. Massenzio, Keith Whitaker
Cover of the book Hypoglycemia For Dummies by James E. Hughes Jr., Susan E. Massenzio, Keith Whitaker
Cover of the book Fundraising Essentials e-book Set by James E. Hughes Jr., Susan E. Massenzio, Keith Whitaker
Cover of the book Hedge Fund Modelling and Analysis by James E. Hughes Jr., Susan E. Massenzio, Keith Whitaker
Cover of the book The Responsibility to Protect by James E. Hughes Jr., Susan E. Massenzio, Keith Whitaker
Cover of the book Chemical Marine Monitoring by James E. Hughes Jr., Susan E. Massenzio, Keith Whitaker
Cover of the book Wiley Blackwell Companion to Political Theology by James E. Hughes Jr., Susan E. Massenzio, Keith Whitaker
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy