Nonfiction
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PUBLISHED
©2024
DESCRIPTION
156 pages : illustrations ; 24 cm
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"Many families today struggle in managing and transferring their wealth across generations. And Harmon Kong has seen it all -- families literally tearing themselves apart for a few bucks. But it doesn't have to be this way. With Values over Valuables, Harmon cautions that simply passing along your wealth, without any purpose or values guiding the decision, can lead to the total dissipation of family fortunes within a few generations. Instead, he advocates that families hold frank and honest conversations to align money decisions with the family's core values and mission. The key is to educate the next generation to be responsible stewards. Doing so can avoid conflict later on when the wealth is finally transferred. By changing the typical money conversation, families can leave a multigenerational legacy combining financial resources and ethical principles" -- Book jacket