Woes Of The Rich: Seeing Beyond The Money

Description

The rich have woes. They are not simple and they deserve attention. 70% of wealthy families do not manage to transfer their wealth properly to the next generation. But why not? The answer to this question is fascinating and doesn’t necessarily have to do with finance. Woes of the Rich tries to decipher what happens in the intergenerational transfer, and suggests a series of solutions for preserving family wealth. This book provides practical and theoretical tools – economic principles, case studies and solutions that guide families to communicate amongst themselves and to cope with internal friction before it becomes too late and regrettably expensive. Philippe Weil brings to this book all his vast experience in working with families, managing financial portfolios and private banking, providing the reader with advice for successfully handing down both personal values and economic assets to subsequent generations.