Download The Cycle of the Gift: Family Wealth and Wisdom AudioBook Free
A comprehensive guide to offering well to family Giving is at the central of family life - and with current rules allowing up to $5,120,000 in tax-free items, at least through December 2012, the ultra-affluent are faced with the task of offering at perhaps most significant scale in history. Beyond the duty saving and riches management implications, offering to family starts up a slew of thorny questions, the biggest which is, "How do you make recipients of such large items?" Get back question among others in mind, Hughes, Massenzio, and Whitaker have written The Pattern of the Present in three main parts: "The Who of Giving", "The How of Giving", and "The What and just why of Giving." The first part focuses on the people most deeply involved with family offering, especially the recipients and givers (parents, grandparents, spouses, trustees). The second part, "The How of Giving," addresses the delicate balance of givers who want to maintain some level of control and recipients who would like some level of independence in accepting and growing their items. The ultimate part, "The What and just why of Presenting" describes numerous kinds of items, from money to business hobbies to prices and rituals. The creators also add their "family standard bank" notion as a model that combines loans, trusts, and outright items. It embodies a platform and set of practices for long-term family expansion. Even family members without great riches - or those people who have already made large items with their children and grandchildren - can take advantage of the human intelligence and functional advice found in The Pattern of the Present.
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