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Integrated Family Wealth, Business and Legacy StrategyTM
“Money, as money, is power in repose. Set in motion, it may fall like dew or rush like a whirlwind; it may be light to irradiate, or lightning to destroy… The conditions of stewardship are not the terms of bargain and hire, but of promise and grace.”
— Rev Thomas Binney
Money: A Popular Exposition (1865)
Course Overview
Very few wealthy families around the world have been able to preserve their financial wealth for more than three generations. Those that do tend to think consciously about all aspects of their multi-faceted legacy and address all elements of their strategies on a long term, even multi-generational basis.
HEADING COMING SOON
Many legacy families do not yet have a clear strategy to protect their wealth and enhance their legacies.
It is indeed possible to set and achieve aspirational plans that will increase your family’s chances to beat the historic odds of ‘riches to rags in three generations’.
This MasterClass course shows you how it can be done.
Objectives
This core course contains twelve essential modules covering all of the elements of an integrated legacy strategy. Learn and adopt best practice approach to understand, develop and implement a comprehensive Integrated Legacy Strategy for your family.
Instructors
Mark Daniell, Prof Liechtenstein, Robert Batt, Sara Hamilton
Recommended Reading
| Book Title | Section / Principle | Chapters / Examples |
|---|---|---|
| Strategy for the Wealthy Family: Seven Principles to Ensure Riches to Riches Across Generations | ||
| The Essence of Family Wealth and Legacy Planning |
Sample Course Video
Your course progress
Key Documents and Templates for Completion
- Initial Assessment Scorecard and Priority Setting
- Family Definition, History, Expected Evolution and Current Challenges
- Definition of True Family Wealth
- Statement of Family Purpose, Philosophy of Wealth, Vision, Values and Guiding Principles
- Family Constitution, Approach to Governance and Family Meeting Agenda
- Approach to Wealth Structuring and Principles of Preservation
- Risk Management Questionnaire, Priority Matrix and Plans to Respond
- Long Term Strategy Document for Total Family Wealth and IPS
- Summary of Best Practices in Family Business Ownership, Governance and Leadership
- Family Business Strategy Summary
- Philanthropic Plan and Program for Social Engagement
- Framework to Understand and Address Priority Family ‘Soft Issues’ in Areas of Culture, Relationships and Individual Issues
- High-Level Plan for Generational Transitions and Leadership Succession
- Checklist of Requirements for Unplanned Transitions: The ‘Family Fire Drill’
- Scorecard for the Family Office
- Map and Management Approach to the Family Ecosystem
- NextGen Education and Preparation for Leadership
- Executive Summary of the Strategy
- Complete Document Architecture and Archive
- Leadership Evaluation and Change Management Priorities
- Statement of Personal Purpose, Objectives and Life Plans