- You'll save an extra 5% on Books purchased from Amazon.ca, now through July 29th. No code necessary, discount applied at checkout. Here's how (restrictions apply)
Preparing Heirs: Five Steps to a Successful Transition of Family Wealth and Values Hardcover – Jan 1 2010
Special Offers and Product Promotions
Frequently Bought Together
Customers Who Bought This Item Also Bought
No Kindle device required. Download one of the Free Kindle apps to start reading Kindle books on your smartphone, tablet, and computer.
Getting the download link through email is temporarily not available. Please check back later.
To get the free app, enter your mobile phone number.
About the Author
Roy Williams has spent nearly 40 years coaching successful families throughout the world. His earlier books, Preparing Your Family to Manage Wealth and For Love & Money, are widely used by estate planners, trust officers, and lawyers. Formerly the Secretary of Social Services and Secretary of Transportation for the State of Iowa, Vic Preisser is a successful entrepreneur and has served in senior executive capacities with Fortune 500 companies.
What Other Items Do Customers Buy After Viewing This Item?
Top Customer Reviews
Most Helpful Customer Reviews on Amazon.com (beta)
The text is accompanied with easy to use, tables, charts, and questionnaires to summarize and illustrate forecasts, causes of failure, heir readiness, and other step by step checklists. The authors have created situations, and cases to illustrate more clearly the principles presented. Their analysis includes both successful and unsuccessful family examples.
Personally, I found the wealth transition checklist invaluable. The details for establishing a mission statement, involving participation of family members, establishing their future roles, and the process of communicating estate, and asset distribution plans provided helpful guidelines.
The summary statements provide either a warning note or an opportunity for implementation. For example: "The most important single issue that undermines successful transfers of wealth is the breakdown of trust and communications within the family unit."
Roy Williams, consultant, and author, with a career of 40 years coaching, researching, and educating families in areas of successful finance, is well qualified to co-author this significant work. Vic Preisser adds his expertise in business, government, and his experience as the Director of the Institute for Family Business at the University of the Pacific to round out this team of authors.
This is an important book for you and your heirs regardless of the size of you estate.
Skeptics might claim that this book is just an extended infomercial for The Williams Group's estate planning ('coaching') services. The authors certainly don't plan to get rich by selling books, but collecting 1% of large estates through advisory fees looks like a more promising approach. It's interesting that the Williams Group website uses the ".org" suffix despite no sign of having applied for 501(c)3 tax-exempt status. If you decide to give them a call, ask what's going on here. I think that there is enough good high-level information in this book to justify reading it, whether or not you conclude that it's just an infomercial.
As an advisor to families, I quote this book often!