Family Wealth Counseling : Getting to the Heart of the Matter [Hardcover]

E. G "Jay" Link (Author)

Book Description

Publication Date: December 30, 1999

A Revolution in Estate Planning for Wealthy Families Lives of great men all remind us
We can make our lives sublime,
And departing, leave behind us
Footprints on the sands of time.

Longfellow Family Wealth Counseling: Getting to the Heart of the Matter is an attempt to put into writing the collective wisdom of more than twenty years of working with and learning from hundreds of wealthy families. Over the years, we have helped these affluent families honestly address the important soft issues of life as well as the complex hard issues of wise tax planning. We further have helped these affluent families to effectively integrate these two components into a comprehensive life-plan that produces results-results that continually exceed all expectations. Throughout this book, you will read the stories of how the Family Wealth Counseling process has profoundly impacted Americas wealthy families financially, socially, emotionally and spiritually. The Family Wealth Counseling process has helped many to find the deepest levels of joy, meaning and fulfillment in life. Family Wealth Counseling is a life-planning process whose time has come. It is not only a revolutionary approach to planning-it is the right approach to plan-ning. If you are ready to start thinking beyond . . . you have picked up the right book. Regarding life-planning, this book will challenge you to think about . . .
* the purpose for your life
* the purpose for your wealth
* how to leverage your remaining time, unique talents and accumulated treasures to do the most good for the most people
* how to adequately prepare your heirs for their inheritance, so it will bless them and not ruin them
* how to transition from a life of financial success to a life of personal significance Regarding tax-planning, this book will explain . . .
* that estate taxes are optional
* that capital gains taxes are optional
* how to reduce your current income taxes by opting out of these two taxes
* how to actually increase your net, after-tax annual income by opting out of these taxes
* how to give your estate and capital gains taxes away to charity and actually make a profit
* how to increase the amount of wealth you and your family control This book has the potential to radically change your life and the lives of those you most care about. It all starts with your willingness to begin thinking beyond . . .

Editorial Reviews

Review

Edmund Burke stated, All that is needed for evil to triumph is for good men to do nothing. My friend, Jay Link, has produced a tool in this book that challenges and motivates good men and women to do something very proactive and positive with their time, their talents and their treasures that can have a profound impact on them, their families and the causes they care about. His holistic approach to life-planning and leveraging all your resources for good will help you move beyond financial success to a life and legacy of significance. -- Dr. Ron Jenson Chairman Future Achievement International Chairman High/Ground Author of Make a Life: Not Just a Living.

Jay Links book is a much needed - and unique - contribution to a tapestry of work that is essential for healthy financial and emotional balance in todays increasingly affluent society. With eighty percent of todays millionaires being first generation, it is of paramount importance that we learn how to pass our wealth on to our children and our local and global communities in ways that will enhance all of our lives. Jays book will ensure that you and your family learn how to accomplish this important task. -- Jessie H. ONeill, MA, CET II Author of The Golden Ghetto: The Psychology of Affluence Founder & Director of The Affluenza Project The Affluenza Healing & Education Foundation, Inc.

This book by Jay Link is the first solid discussion of the issues, elements and discipline required to do thoughtful family wealth planning. After all the comparative ledgers and projections, fancy documents and sale hyperbole, the best plan is one that protects and builds families, reinforces core values and strengthens the community. -- Douglas K. Freeman, JD, LL.M., Freeman, Freeman & Smiley, LLP.

This is a very clear and helpful resource for families transferring wealth. It keeps the heart where it is supposed to be-at the center of this work. --Katherine Gibson, Co-Founder of The Inheritance Project.

About the Author

Biography of E.G. Jay Link

Mr. Link is the founder of the Family Wealth Counseling movement that has swept America. He is considered one of the foremost experts on issues and strategies relating to wealthy families and is often quoted in the national press. He is an extremely popular and compelling public speaker within the legal, financial and nonprofit industries. He also frequently speaks at meetings attended by Americas most affluent.

Several years ago, in an attempt to expand his capacity to help even more affluent families, Mr. Link began personally training other professional advisors in his Family Wealth Counseling process through his Professional Mentoring Program. Over the years, he has successfully equipped hundreds of professionals from coast to coast to do Family Wealth Counseling. Through his mentoring efforts, he has helped literally thousands of wealthy families give billions of dollars away to worthy charitable causes that would have otherwise been needlessly relinquished to the IRS in taxes. With this process, he has enabled these families to find a clearer purpose, deeper meaning and greater fulfillment for their lives and their accumulated wealth.

Mr. Link is the founder and president of Kardia, Inc., the nations oldest Family Wealth Counseling firm founded in 1981. His firm works directly with wealthy clients as well as supports the hundreds of Family Wealth Counselors across the country in counseling, planning and implementation services for their affluent clients.

Mr. Link also founded the National Association of Family Wealth CounselorsTM (NAFWC), an independent, member-run, nonprofit association. He continues to serve the organization on its executive committee.

As the primary visionary, Mr. Link remains the unfading inspiration for all the Family Wealth Counselors across America. His dream and his passion for changing the world also continues to serve as a lightning rod that attracts professional advisors from all disciplines who want to use their skills to not only make a living, but alsoto make a life.

Product Details

• Hardcover: 448 pages
• Publisher: Professional Mentoring Program (December 30, 1999)
• Language: English
• ISBN-10: 0967402301
• ISBN-13: 978-0967402307
• Product Dimensions: 9.2 x 6.2 x 1.7 inches
• Shipping Weight: 2 pounds (View shipping rates and policies)
• Average Customer Review: 5.0 out of 5 stars  See all reviews (2 customer reviews)
• Amazon Best Sellers Rank: #858,913 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

12 of 15 people found the following review helpful:

5.0 out of 5 stars Excellent for those with net worth > $5Million, August 11, 2001

By 

Nelson Malwitz, Finishers Project, www.finish... (Brookfield, CT USA) - See all my reviews

This review is from: Family Wealth Counseling : Getting to the Heart of the Matter (Hardcover)

Most people of wealth make several false starts with comprehensive income and estate planning. This book describes a method of first determining your life purpose and goals by an extensive interview process. Only then can the technical aspects of planning be addressed.

Well written book by the director of the National Assn of Family Wealth Counselors. If you are a person of means this is a safe starting point to a network of highly qualified and competent FWCs.

The author asks: "If you had to choose between giving one million dollars away to the IRS in estate taxes or giving that same one million to your favorite charity, which would you prefer?" Great question. To fail to plan is to give half or more of your estate away to the IRS.

This book will provide good insight if your net worth is $2-5 Million or you are a financial counselor.

4 of 7 people found the following review helpful:

5.0 out of 5 stars Great for Business Owners While in Mid-career, too!, July 30, 2005

By 

Bob Moranfranklinwebster Com (Piscataway, NJ USA) - See all my reviews
(REAL NAME)   

This review is from: Family Wealth Counseling : Getting to the Heart of the Matter (Hardcover)

I read this book cover to cover looking for sound information that I can pass along to the business owners and non-profit organization leaders that are my management consulting clients.

I was delighted to find the book PACKED with advice that helps wealthy individuals consider the total picture of how the wealth transfer impacts the next generation and not just current tax reprecussions.

I recommend it to the Wealth counselors that I meet. You won't be disappointed.