The Cycle of the Gift: Family Wealth and Wisdom 2E speaks directly to the questions and concerns of parents and grandparents who are making significant gifts to family members. How do I prepare the recipient of such a hefty gift? With that question in mind, Hughes, Massenzio, and Whitaker have written Wisdom and Wealth in three main parts: The Who of Giving, The How of Giving, and The What and Why of Giving. The first part deals exclusively with the people most deeply involved in family giving, 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 want some level of freedom in accepting and growing the gift. The final part, The What and Why of Giving describes various types of gifts, from money to business interests to values and rituals. The authors update these concepts in this new edition, plus new chapters on the Big Reveal which lays out the importance of a pause when rising generation family members are introduced to knowledge of the family financial wealth.
