Index

  • Page numbers followed by f and t refer to figures and tables, respectively.
  •  
  • Accountability:
    • in decision-making, 365–368
    • using journaling to establish, 106
  • Actionable values, 7–12
  • Active-constructive responding (ACR), 121
  • Active listening, 288
  • Adulthood:
    • early, 88
    • emerging, 87
    • established, 89
    • late, 91
    • middle, 90
  • Adult learning styles, 15
  • Advice, seeking, 225–226
  • Advisor, selecting an, 235–239
    • and being a good client, 238
    • and difficulty of switching advisors, 238
    • factors in, 235–236
    • questions to ask when, 236–238
  • Advisors’ fees, 255–260
    • attorneys, 256
    • and “basis points,” 255
    • consultants, 258
    • CPAs, 256
    • independent wealth advisors, 257
    • institutional wealth advisors, 256–257
    • life insurance agents, 257–258
    • and selection of advisor, 236
    • summary of, by type of advisor, 259
  • Agency conflicts, 221
  • Agendas, meeting, 382–383
  • Aging, diminished capacity due to, see Diminished capacity
  • Aging plan, smart, 173–176
  • Agreements, expectations vs., 329–332
  • Alignment, of family and advisors, 235–236
  • Allred, Stacy, 358
  • Angelou, Maya, 81
  • Anna Karenina (Tolstoy), 305
  • “Anti-values,” 9
  • Arnold, Elizabeth, 191
  • Aspirational values, identifying, 9
  • Asset profile (as family risk focus area), 148
  • Assets under management (AUM), 257, 259
  • Astor, Brooke, 179
  • Attitudes toward wealth, 52
  • Attorneys, fees for, 256, 259
  • AUM (assets under management), 257, 259
  • Authentic intention, 4
  • Autonomy, drive for, 48
  •  
  • Baines, Barry, 191, 192
  • Banks, as trustees, 244
  • “Basis points,” 255
  • Beewyzer, 113
  • Behavioral finance, 221
  • Behavioral health wellness assessment, see Family behavioral health wellness assessment
  • Benchmarking, of your family against successful global families, 69–73
  • Bettencourt, Lilianne, 179
  • Biases:
    • about diminished capacity, 180
    • about wealth, 52
  • Bible, 189–190
  • Birthday Eve celebrations, 263–267
  • Blame, avoiding, 52
  • Boston Tea Party, 366
  • Boundaries, establishing, with family enterprise successors, 290
  • Bowen, Murray, 311
  • Breakdown, in Generative Dialogue framework, 319
  • Budgets, and well-being, 20
  • Business associates, as trustees, 244
  • Business continuity (core infrastructure area), 157
  •  
  • Cantril Ladder of Life Scale, 22
  • Capital sufficiency analysis, 203–208
    • case study, 206–208
    • deterministic forecasting in, 205
    • and the Four Cs, 205–206
    • and goal-based investing, 204
    • importance of, 203
    • Markowitz and development of, 203–204
    • stochastic modeling in, 205
  • Case studies (case examples):
    • actionable values, 11–12
    • Birthday Eve celebration, 265–267
    • capital sufficiency analysis, 206–208
    • coaching, 253
    • ethical will, 192–194
    • Family Self-Assessment Tool, 231–232
    • family wealth education plan, 113–116
    • trusts, 133–134
  • Change, disorientation resulting from, 100
  • Character strengths, tapping into, 33–37
  • Character Strengths and Virtues Classification and Handbook (Peter son and Seligman), 34
  • Charitable giving, 200, 206–207, 391–392
  • Childhood stories, recounting, 5
  • Children, 261–262
    • Birthday Eve celebrations with, 263–267
    • College Send-Off Ritual for, 269–275
    • grandchild-grandparent philanthropy, 401–404
    • and Intergenerational Dialogue, 295–298
    • and “making your kids happy,” 263
    • parents and well-being of, 19–20
    • sending, off to college (see College Send-Off Ritual)
  • Chubb, 150
  • Coaches, leadership, 251–254
  • Co-created agreements, 330
  • Collapse, infrastructure, 158
  • College Send-Off Ritual, 269–275
    • outline of sending ceremony, 271
    • questionnaire for the college candidate, 270–272
    • scholarship agreement, 270, 272–275
  • Collier, Charles, 301–302
  • Committee of Sponsoring Organizations (COSO), 377, 378
  • Communication:
    • about shared family properties, 140
    • enhancing, with RACI method, 370–374
    • with family enterprise successors, 288
    • three-step process for enhanced, 301–303
  • “Communications blizzard,” 158
  • Competency, of family enterprise successors, 289
  • The Complete Family Office Handbook, 112
  • Compliance (core infrastructure area), 156
  • Confidentiality, and diminished capacity, 185–186
  • Conflict(s), 124
    • and actionable values, 8
    • agency, 221
    • and difficult conversations, 123
    • and family communication, 288
    • Family Factor to deconstruct, 305–309
    • in family meetings, 384
    • of interest, 184, 235, 243, 244, 257, 258, 373
    • intergenerational, 290
    • and shared family property, 139, 140
    • unresolved, 137
  • Conflict resolution and decision-making (core infrastructure area), 156
  • Connecting with family, 4, 71
  • Connection, drive for, 48
  • Consolidated investment reporting (core infrastructure area), 157
  • Consultants, fees for, 258, 259
  • Consumer Sentinel Network, 149–150
  • Continuous improvement mindset, 105
  • Conversation(s):
    • difficult, 123
    • with family members, 3–4, 72
    • four fields of, in Generative Dialogue framework, 317–318
  • Copyright Clearance Center, 222
  • Core capital, in capital sufficiency analysis, 204
  • Core competencies (in 10 × 10 learning roadmap), 83
  • Corporate trustees, 244–245, 247–248
  • COSO (Committee of Sponsoring Organizations), 377, 378
  • Covey, Stephen R., 287
  • Covid-19 pandemic, 13, 175, 383
  • CPAs, fees for, 256, 259
  • Creating the Good Will (Arnold), 191
  • Crisis management, assessing readiness for, 169–170
  • Culture, and advisors, 235
  • Customer relationship management (CRM), 379
  • Cyber risk, 148–150
  • Cycle of the Gift, 161
  •  
  • Decisions and decision-making:
    • as core infrastructure area, 156
    • democratizing, 365–368
    • involvement of family enterprise successors in, 289–290
    • performing postmortems on, 359–363
    • shared, 349–350
    • trustee, selection of, 246
  • Dementia, 180, 185
  • Democratizing the family decision-making process, 365–368
  • Denial, 46
  • Designing Your Future, Now (exercise), 60–64
  • Deterministic forecasting, in capital sufficiency analysis, 205
  • Developing Your Philanthropic Framework, 411
  • Developmental life lessons, for grandchildren, 277–280
  • Dialogue, intergenerational, see Intergenerational dialogue
  • Difficult conversations, 123
  • Diminished capacity, 179–186
    • action checklist to prepare for, 181–185
    • and privacy/confidentiality concerns, 185–186
    • recognizing onset of, 180–181
    • risks of not planning for, 179–180
  • DIONZ, 113
  • Discovery Phase (“What's Next for Your Family”), 98
  • Disorientation, from change, 100
  • Distractions, infrastructure, 158
  • Distributions, from trusts, 242
  • Dreams, and goals, 210, 211
  • Drucker, Peter, 235
  • Durable powers of attorney, 182
  • Dynasty Trusts, 241
  •  
  • Early adulthood, 88
  • Eldering, 92–93
  • Elementary school, 84
  • Emergency planning (core infrastructure area), 157
  • Emerging adulthood, 87
  • Emotion, learning positive, 120–121
  • Emotional health, 199
  • Empathic listening, 288
  • Employment scorecard, family, 283–284
  • Empowerment, 46
  • End-of-life planning, 176
  • Enhanced communication, three-step process for, 301–303
  • Enhancement loans, 144
  • Entitlement, 46
  • Entrepreneurs, sense of purpose for, 39
  • Envisioning the future, 59–64
  • Established adulthood, 89
  • Estate plan, reviewing current, 181
  • Estate planning, 221
  • Ethical wills, 189–194
    • case example, 192–194
    • in history, 189–190
    • outcomes of, 191–192
    • process of creating, 190–191
  • Ethical Wills (Baines), 191
  • Eton Systems, 379
  • Excess capital, in capital sufficiency analysis, 204
  • Expectations, agreements vs., 329–332
  • Expenditures, 200
  • Expense management (core infrastructure area), 157
  • Exploration Phase (“What's Next for Your Family”), 98–99
  •  
  • Family, The Compact Among Generations (Hughes), 121–122
  • Family bank, 143–145
    • enhancement loans from, 144
    • investment loans from, 143–144
    • setting up, 144–145
  • Family behavioral health wellness assessment, 167–172
    • and crisis management, 169–170
    • family toll recognized in, 168
    • and protection of status quo, 169
    • resources on, 170–172
    • warning signs in, 167–168
  • Family business, joining the, 281–284
  • Family character strengths genogram, 36
  • Family decision-making, democratizing, 365–368
  • Family diagrams, see genograms
  • Family dynamics, 299–303
  • Family employment scorecard, 283–284
  • Family enterprises:
    • and benchmarking success, 69–73
    • using RACI in, 369–375
  • Family enterprise successors, 287–293
    • clarifying boundaries with, 290
    • and communication dynamics, 288
    • competency demonstrated by, 289
    • establishing independence in, 287–288
    • financial risk assumed by, 291–293
    • involvement of, in strategic decision-making, 289–290
    • liquidity strategies developed by, 290–291
  • Family Factor, 305–309
    • building your, 307–308
    • components of, 305–306
    • definition of, 305
    • evaluating your, 306–307
    • preserving/strengthening your, 308–309
  • Family foundations:
    • and charitable giving, 200
    • funding of, 211
    • and social power, 29
    • using Motivational Value Cards© when setting up, 16
    • using RACI with, 369, 371
  • Family karma, 314
  • Family meetings:
    • establishing ground rules for, 387–389
    • leading successful, 381–384
  • Family offices, 377–379
  • Family Owner's Manual (FOM), 161–165
  • Family patterns, using genograms to understand, 311–316
  • Family Philanthropy Navigator, 393
  • Family reputation management (core infrastructure area), 157
  • Family risk assessment, 147–152
    • cyber risk, 148–150
    • and family risk landscape, 148
    • and insurance, 151
    • natural disaster risk, 150–151
    • survey for creating, 147–148
  • Family Risk Discovery Questions, 150
  • Family Self-Assessment Tool, 228–233
    • benefits of, 230–231
    • case examples, 231–232
    • and identifying gaps in financial affairs management, 230
    • questions in, 228–230
  • Family skills, 121–124
  • Family stability, balancing resilience with, 355–358
  • Family stories, 122
  • Family Systems Theory, 311
  • Family Trusts: A Guide for Beneficiaries, Trustees, Trust Protectors, and Trust Creators, 133
  • Family wealth education, 111–117
    • case study of, 113–116
    • defining, 111–112
    • devising a plan for, 112–113
  • Fees, 199–200. See also Advisors’ fees
  • “Feelings” conversations, 123
  • Fiduciaries, selecting, 183–185
  • Financial burden, from shared family property, 140
  • Financial controls (core infrastructure area), 156
  • Financial needs, assessing family, 227–228. See also Family Self-Assessment Tool
  • Financial risk, assumption of, by family enterprise successors, 291–293
  • Financial security, as goal of trust, 130
  • Finding an advisor, see Advisor, selecting an
  • Flourishing, 81–94
  • Flow, in Generative Dialogue framework, 319–320
  • Follow-up:
    • to Intergenerational Dialogue, 297
    • to meetings, 384
  • FOM (Family Owner's Manual), 161–165
  • Fonda, Jane, 173
  • Forgiveness, learning, 120
  • Foundations, family, see Family foundations
  • The Four Cs, 205–206
  • “Four Horsemen” graph, 199–202, 200f
  • Fraud prevention (core infrastructure area), 156
  • Friends, as trustees, 244
  • Froom, Jack, 311
  • Future:
    • cultivating human capital for the, 71
    • envisioning the, 59–64
    • in Ikigai model, 43
    • visualizing your, 60
  •  
  • Gallup, 22
  • Gamechanging, 343–347
    • adoption of, 346
    • observing the game, 344–345
    • pivoting the game, 345–346
    • questions related to, 347
  • Gaps in financial affairs management, identifying, 230
  • Generation-skipping trusts, 219
  • Generative Dialogue framework, 317–321
    • four fields of conversation in, 317–318
    • practical application of, 318–320
    • tips for using, 320–321
  • Genograms, 311–316
    • creating, 312–313
    • identifying patterns in, 314–315
    • and making the unconscious conscious, 315
  • Genopro, 312
  • Gerson, Randy, 312
  • Global families, benchmarking your family against successful, 69–73
  • Goal(s):
  • Goals-based asset allocation, 204
  • Governance, enhancing, with RACI method, 370–374
  • Grandchild-grandparent philanthropy, 401–404
  • Grandchildren, developmental life lessons for, 277–280
  • GRATs, 241
  • Great Financial Crisis of 2008, 208
  •  
  • Habits, developing positive money, 111, 112t
  • Harmony, family, 71
  • Harvard College, 301
  • “Hats Off to You!” exercise, 351–353
  • Health and wellness (core infrastructure area), 156
  • Health care providers, 175
  • High school, 86
  • HIPAA Waiver, 182
  • History, shared, 305
  • House rules (with share family properties), 141
  • Hughes, James E., Jr., 121–122, 129
  • Human capital, 71, 199
  • Human capital management (core infrastructure area), 156
  • Human resources procedures (core infrastructure area), 157
  •  
  • “Identity” conversations, 123
  • Identity Wheel, 27–30
  • Ikigai model, 39–43
  • Impactful Learning Programs (ILPs), 103–108
    • design principles of, 104–106
    • goals of, 103–104
    • practical steps for building, 106–107
  • Implementation Phase (“What's Next for Your Family”), 99
  • Independence, establishing, in family enterprise successors, 287–288
  • Independent advisors, as trustees, 244
  • Independent public trust companies, 244
  • Independent wealth advisors, fees for, 257, 259
  • Individual skills, 120–121
  • Individual trustees, 243–244, 247
  • Inflation, 200, 201
  • Infrastructure resiliency, 155–159
    • assessment of, 156–158
    • seven-step plan for improving, 158–159
  • Inheritance:
    • and legacy of meaningful engagement, 43
    • planning, inheritance, 19
  • Inquiry, in Generative Dialogue framework, 319
  • Institutional wealth advisors, fees for, 256–257, 259
  • Insurance:
    • in Family Owner's Manual, 163
    • as family risk planning tool, 151
  • Intellectual capital, 199
  • Intergenerational Dialogue, 295–298
    • follow-up to, 297
    • goal of, 295–296
    • process of, 296–297
  • Internal competencies (in 10 × 10 learning roadmap), 83
  • Investing, 197–198
    • teaching about, 278
    • of trust property, 242
  • Investment education seminars, 219–223
  • Investment fundamentals, teaching, 221
  • Investment gains and losses, 199
  • Investment portfolio for support of family goals, 209–216
    • combining of subportfolios, 214–215
    • miscellaneous considerations with, 215–216
    • setting the goals, 210–211
    • subportfolios for support of each goal, 211–214
  •  
  • Jacob (Biblical figure), 189–190
  • Jaffe, Dennis, 358
  • Janus (Roman god), 355, 357
  • The Jeffrey Company, 219–223
  • Jobs, Steve, 46
  • Joining the family business, 281–284
  • The Journal of Investing, 223
  • The Journal of Portfolio Management, 223
  • Judgment:
    • avoiding, 52
    • and diminished capacity, 180
  • Jung, Carl, 315
  •  
  • Kahlo, Frida, 312
  • Kahneman, Daniel, 360
  • Karma, family, 314
  • Klein, Gary A., 360
  • Kline, Nancy, 122–123
  • Knowledge, skills, and abilities (KSAs), 104–106
  •  
  • Late adulthood, 91
  • Leadership, and family learning, 120
  • Leadership coaches, 251–254
  • Learning, 67–68, 119–124
    • about identity and social power, 27–30
    • about true goals of wealth preparation, 75–79
    • family skills, 121–124
    • individual skills, 120–121
    • via investment education seminars, 219–223
    • from your money history, 51–56
  • Learning Anchors, 103–104
  • Learning capital, 199
  • Learning families, 119–120
  • Legacy:
    • creating a fulfilling, 59, 98, 128, 162
    • and ethical wills, 190–192
    • of intergenerational family wealth, 39
  • Legacy family properties, 137, 141
  • Legal documents, creating an inventory of, 181–182
  • Legal entity structure optimization (core infrastructure area), 156
  • Life insurance agents, 257–259
  • Lincoln, Abraham, 59
  • Liquidity management (core infrastructure area), 157
  • Liquidity strategies, development of, by family enterprise successors, 290–291
  • Listening, 3
    • active, 288
    • at family meetings, 388–389
    • in three-step process, 302–303
  • The Little Book of Behavioral Investing (Montier), 222
  • LKM (Loving Kindness Meditation), 121
  • Loans:
    • enhancement, 144
    • from family bank, 143–144
    • for investment, 143–144
  • Locations (as family risk focus area), 148
  • Locke, John, 366
  • Love, in Ikigai model, 41
  • Loving Kindness Meditation (LKM), 121
  • Lovins Group Family Business Consulting Center, 278
  • Loyalty, duty of, 243
  •  
  • McGoldrick, Monica, 312
  • “Making your kids happy,” 263
  • Malkiel, Burt, 222
  • Markowitz, Harry, 203–204
  • Massachusetts Institute of Technology, 317
  • Mean-variance asset allocation approach, 204
  • Medalie, Jack, 311
  • Medications, 175, 185
  • Meetings, family, see Family meetings
  • Mental health issues, 128, 167–168, 170–172, 180, 185
  • Middle adulthood, 90
  • Middle school, 85
  • Mission:
    • and envisioning the future, 59
    • of family bank, 145
    • in Ikigai model, 41
    • ongoing education as part of, 272
    • philanthropic, 396, 414
  • Money:
    • decoupling work from, 40
    • developing positive habits with, 111, 112t
    • difficulties discussing, 329
  • Money history, learning from your, 51–56
  • Money relationship continuum, 46
  • Monte Carlo simulation, 205
  • Montier, James, 222
  • Motivational Value Cards©, 13–17
  • “Moving up the curve,” with philanthropy, 405–409
  • Multigenerational family enterprises, best practices for, 72–73
  •  
  • National Centers for Environmental Information, 150
  • National Oceanic and Atmospheric Association, 150
  • Natural disaster risk, 150–151
  • Needs:
  • Neuropsychological evaluations, 181
  • New story, about your relationship with money, 54–55
  • Next Gen education, 77
  • NEXUS, 113
  • Noncompliance, infrastructure, 158
  • Nonfinancial wealth, xxiii
  • Nurturing the family, 71
  •  
  • Offices, family, 377–379
  • Okinawa, 40
  • Opatrny, Don, 278
  • Organization for Cooperation and Development (OECD), 365, 366
  • Oscillating family narratives, 122
  • Outcomes, desirable vs. regrettable, 7
  • Outcome frame questions, 324–326
  • Owners’ Councils, 367
  • Owner's manual, family, 161–165
  • “Oz,” your personal, 60
  •  
  • Parenting:
    • and children's well-being, 19–20
    • and family meetings, 382
    • financial, 111
    • and grandchild-grandparent philanthropy, 401
    • and shared family properties, 141
    • and teachable moments, 261
  • Participation, in decision-making, 365–368
  • Passion, in Ikigai model, 41
  • Patience, at family meetings, 389
  • PERMA™ model, 20
  • Personal cyber risk, 148–150
  • Personal growth, 71
  • Personally identifiable information (PII), 148–149
  • The Philanthropic Initiative (TPI), 405
  • Philanthropy. See also Charitable giving
    • grandchild-grandparent, 401–404
    • “moving up the curve” with, 405–409
    • and rising generation perspective, 393–398
    • roadmap for successful, 411–414
  • PII (personally identifiable information), 148–149
  • Planning, 127–128
  • Politeness, in Generative Dialogue framework, 319
  • Positive emotion, using, 120–121
  • Postmortems, performing, on family wealth decisions, 359–363
  • Premortems, performing, on family wealth decisions, 360
  • Prescriptions, 175
  • Presence, at family meetings, 388
  • Privacy, and diminished capacity, 185–186
  • Private trust companies, 244–245
  • Problematic status quo, recognizing protection of, 167–168
  • Problem frame questions, 324
  • Profession, in Ikigai model, 41
  • Professional individual trustees, 244
  • “Pro-values,” 9
  • Public trust companies, independent, 244
  • Purpose, drive for, 48
  • Purposeful Planning Institute, 192
  •  
  • Qualitative capital, 119, 143–145
  • Questions:
    • about trusts, 242
    • asking the right, 323–326
    • in College Send-Off Ritual, 272
    • to family members, 4–5
    • in Family Self-Assessment Tool, 228–230
    • gamechanging, 347
    • outcome frame, 324–326
    • problem frame, 324
    • when choosing an advisor, 236–238
    • when selecting a trustee, 247–248
  •  
  • RACI method, 369–375
    • about, 370
    • enhancing governance/communication with, 370–374
  • The Random Walk Guide to Investing (Malkiel), 222
  • Rawls, John, 366
  • Reality, view of, 98
  • Redstone, Sumner, 179
  • Registered investment advisors (RIAs), 379
  • Relationships:
    • deepening, 4
    • investing in, 121
    • mistakes in, 4
  • Residential service and maintenance (core infrastructure area), 157
  • Resiliency:
    • balancing family stability with, 355–358
    • infrastructure, 155–159
  • Respect, showing, at family meetings, 388
  • Revocable trusts, 183
  • RichLife Portfolio™, 59–64
  • Riemer, Jack, 190
  • Rising generation perspective, with philanthropy, 393–398
  • Risk management (core infrastructure area), 157
  • Roles (as family risk focus area), 148
  • Roles and responsibilities, understanding, 75–79
  •  
  • Scharmer, Otto, 317, 318
  • Scholarship agreement (College Send-Off Ritual), 270, 272–275
  • Security (core infrastructure area), 157
  • Seeking advice, 225–226
  • Selecting an advisor, see Advisor, selecting an
  • Self-dealing, 243
  • Seligman, Martin, 20
  • Selling, of shared family property, 138–139
  • The 7 Habits of Highly Effective People (Covey), 287
  • SFOs (single family offices), 377, 379
  • Shared decision-making, 349–350
  • Shared family properties, 137–141
    • creating a working plan for, 139
    • deciding to hold or transition out of, 138
    • family discussions regarding, 138–139
    • tricky issues with, 140–141
  • Shared history, 305
  • Shared values, 1
  • Shared vision, 306–307
  • Sharing, in Designing Your Future, Now exercise, 64
  • Shellenberger, Sylvia, 312
  • Sibling relationships, enhancing, 335–341
  • Sibling Relationship Self-Assessment Worksheet, 335–341
  • Signature strengths, 35–36
  • Single family offices (SFOs), 377, 379
  • Skills:
    • family, 121–124
    • individual, 120–121
  • Smart aging plan, 173–176
  • Social capital, 199
  • Social media (as family risk focus area), 148
  • Social power, 27–30
  • So That Your Values Live On: Ethical Wills and How to Prepare Them (Riemer and Stamper), 190
  • Spending, 200
  • Stages of Wealth Integration tool, 45–49
  • Stamper, Nathaniel, 190
  • Status quo, recognizing protection of problematic, 169
  • Sterling, Donald, 179
  • Stewardship:
    • of family enterprises, 71
    • of financial capital, 199–202
    • as goal of trust, 130
  • Stochastic modeling, in capital sufficiency analysis, 205
  • Stories:
    • childhood, 5
    • family, 122
    • that have “already happened,” 359–363
  • Strategic decisions, participation of family enterprise successors in, 289–290
  • Strategic Family Roadmap, 72
  • Strategic Philanthropy, Ltd., 411
  • Strength-spotting, 36
  • Subportfolios:
    • combining subportfolios, 214–215
    • for support of each family goal, 211–214
  • Substance abuse issues, 167–168
  • Success, definitions of, 69
  • Successors, family enterprise, see Family enterprise successors
  • Summit, Jeffrey, 192
  • Survey, family risk awareness, 147–148
  • Sutherland, Kate, 317
  •  
  • Tamarind Learning, 113
  • Taxes, 200, 221
  • 10 × 10 learning roadmap, 81–94
  • Ten Domains of Family Wealth, 232–233
  • Thinking, 122–123
  • “Third Act,” 173
  • 360-degree leadership performance review, 289
  • Time to Think (Kline), 122–123
  • Tolstoy, Leo, 305
  • TPI (The Philanthropic Initiative), 405
  • TPI Philanthropic Curve, 405–409
  • Transparency, in decision-making, 365–368
  • Treadway Commission, 377
  • Triangulation, 288
  • Trust, in families, 71, 103, 119, 120, 299, 306–308
  • Trusts, 127, 129–134. See also Trustee, selecting a
    • basic questions to ask when creating, 130
    • case study of, 133–134
    • distributions from, 42
    • expressing purpose in, 130–133
    • as family bank, 145
    • family communication about, 303
    • and family education, 219–221
    • generation-skipping, 219
    • and grandchild-grandparent philanthropy, 403
    • and intergenerational dialogue, 297
    • and philanthropy, 403, 408
    • preambles to, 133
    • preliminary inquiries about, 241–242
    • purpose clause in, 129
    • revocable, 183
    • setting up, 241–242
  • Trustees, 225, 241–249
    • corporate, 244–245, 247–248
    • decision tree for choosing, 246
    • developing a plan for selecting, 43
    • and family bank, 145
    • and family risk assessment, 151
    • functions of, 242–243
    • individual, 243–244, 247
    • and knowledge, skills, and abilities, 106
    • and money flow, 42
    • and multigenerational family enterprises, 371–374
    • personal characteristics of, 245
    • pitfalls in choosing, 245–246
    • questions to ask, 247–248
    • and setting up the trust, 241–242
  • Trust Matrix, 123–124
  • Tufts European Center, 192
  •  
  • Ultra High Net Worth Institute, 232–233
  • The Unconscious, 315
  •  
  • Vaccination records, 175
  • Values:
    • actionable, 7–12
    • aspirational, 9
    • individual vs. group, 7
    • motivating, 13–17
    • shared, 1
  • Values statements, 7
  • VIA Character Strengths Survey, 35–37
  • Vision, shared, 306–307
  • Visualizing your future, 60
  • Vocation, in Ikigai model, 41
  • Volatility, portfolio, 213–214
  •  
  • Wants, and goals, 210, 211
  • Wealth:
    • attitudes and biases toward, 52
    • nonfinancial, xxiii
  • Wealth advisors, fees for, 256–257, 259
  • Wealth education, 111. See also Family wealth education
  • Wealth Integration tool, 45–49
  • Wealth preparation, learning about goals of, 75–79
  • We Can Do This! 10 Tools to Unleash Our Collective Genius (Sutherland), 317
  • Well-being, framework for, 19–25
  • Well-being theory, 19
  • “We” perspective, 120
  • “What happened” conversations, 123
  • “What's Next for Your Family” (practice), 97–101
  • “What's Our Plan?,” 99
  • “What's Possible?,” 98–99
  • “What's True Now?,” 98
  • Whitaker, Keith, 295
  • Wishes, and goals, 210, 211
  • Work, decoupling earning money from, 40
  • Workarounds, 157
  • Zion, Noam, 192
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