Resources: Wealth & Family

• John J. Scroggin & Robert Littell, The Family Incentive Trust (National Underwriter 1999).
• John J. Scroggin, "Family Incentive Trusts," 54 J. Fin. Ser. Prof. 74 (July 2000). * Fithian, Values Based Estate Planning: A Step by Step Approach to Wealth Transfer for Professional Advisors, ( Wiley & Sons 2000).
• Howard M. McCue, III, "Planning and Drafting to Influence Behavior," Miami Est. Plan. Instit. (January 2000).
• David R. Hodgman and Debra L. Stetter, "Can Inventive Trusts Encourage Children to Behave Responsibly?" Estate Planning, December 2000.
• Paul A. Meints, "Using Trusts to Provide Incentives, Rewards, Remembrances and Other Benefits to Chosen Beneficiaries: A Checklist," 15 Prac. Tax Law. 25-38 (Winter 2001).
• Ellen E. Whiting, "Controlling Behavior by Controlling the Inheritance: Considerations in Drafting Incentive Provisions," 15 Prob & Prop. 6-12 (Sept./Oct. 2001).
• Nancy G. Henderson, Managing the Benefits and Burdens of New Wealth with Incentive Trusts (with Sample Provisions), Part 1, 47 Prac. Law. 51 (Sept. 2001); Part 2, 47 Prac. Law. 11-26 (Oct. 2001).
• John J. Scroggin, "The True Goal of Estate Planning: Protecting and Preserving the Family," (two parts), ABA Property and Probate, Spring and Summer, 2002.
• Gerald Schneiderman, "Tough Wills Saves Troubled Daughter," Trusts and Estates, page 51, July 2002.
• John J. Scroggin, "Restraining an Inheritance can Accomplish a Client's Objectives," Est. Plan. J., March 2003.
• John J. Scroggin, "Influencing the Legacy," J. Prac.Est. Plan., December 2003.

• Thomas J. Stanley, The Millionaire Next Door & The Millionaire Mind.
• John J. Scroggin & Robert Littell, The Family Incentive Trust, National Underwriter, 1998.
• US Trust, A Portrait of the Affluent in America Today, March 1998.
• The Inheritance Project, Working with Inherited Wealth Clients.
• The Affluent Attitudes and Actions Towards Inheritance," 1999 Neuberger Berman.
• Gallo, Silver Spoon Kids: How Successful Parents Raise Responsible Children, 2002, Contempoary Books.
• Fithian, Values Based Estate Planning: A Step by Step Approach to Wealth Transfer for Professional Advisors, 2000 Wiley & , Sons.
• Neale Godfrey & Carolina Edwards, Money Doesn't Grow on Trees: A Parents Guide to Raising Financially Responsible Children (Fireside 1994).
• Barbara Blouin, Working with Inherited Wealth Clients (Trio Press 1996).
• Jessie O'Neil, The Golden Ghetto (1997).
• Stephen Gadsden & Philip Gates, The New Heirs Guide to Managing Your Inheritance (McGraw Hill 1997).
• Collier, Wealth in Families (Harvard University 2001).

The impact of inherited wealth is also creating a new industry that advises both the giver and the heir about the psychological aspects of inherited wealth. Among the consultants are:

• The Inheritance Project (Katherine Gibson) 1-540-953-3977 or
  www.inheritance-project.com
• The Impact Project 1-800-255-4903 or www.morethanmoney.org
• The Affluenza Project (Jessie O'Neil) 1-414-351-8442 or www.affluenza.com

Family Business Centers

To aid entrepreneurs in the family issues involved with their businesses, universities and other groups around the country are creating Family Business Centers. These centers are designed to provide financial, tax, personal and psychological advice to closely held business owners. Among the centers are:

• University of Massachusetts, www.umass.edu/fambiz/; 413-545-1537
• Kennesaw University, www.kennesaw.edu/fec/; 770-423-6045
• The Family Firm Institute, www.ffi.org; 617-789-4200
• Arthur Andersen, www.arthurandersen.com
• Northeastern University, www.fambiz.com;
• Oregon State University, www.familybusinessonline.org;
• Baylor University, www.baylor.edu/entrepreneur;
• Babson College, www.babson.edu/entrep/;
  

Books:

• Neale Godfrey, Money Doesn't Grow on Trees: A Parents Guide to Raising Financially Responsible Children.
• Jessie O'Neil, The Golden Ghetto
• Thomas J. Stanley, The Millionaire Next Door & The Millionaire Mind
• John J. Scroggin & Robert Littell, The Family Incentive Trust, National Underwriter, 1998
• US Trust, A Portrait of the Affluent in America Today, March 1998.
• The Inheritance Project, Working with Inherited Wealth Clients
• The Affluent Attitudes and Actions Towards Inheritance," 1999 Neuberger Berman.
• Collier, Wealth in Families, 2001, Harvard University.
• Gallo, Silver Spoon Kids: How Successful Parents Raise Responsible Children, 2002, Contempoary Books.
• Fithian, Values Based Estate Planning: A Step by Step Approach to Wealth Transfer for Professional Advisors, 2000 Wiley & , Sons.
• Andrew Hacker, Money: Who has How Much and Why,
• Michael Klepper & Robert Gunther, The Wealthy 100.
• Link, Getting to the Heart of the Matter.
• Stephen Gadsden & Philip Gates, The New Heirs Guide to Managing Your Inheritance
• Heidi L. Steiger, Wealthy & Wise , Wiley & Sons (___)

Articles:

• Chami & Fullenkamp, "The Market Value of Family Values," Cato Journal (Winter 1997); www.acfc.org/essay/cato1
• Twitchell, "Two Cheers for Materialism," Wilson Quarterly, April 1, 1999.
• "The Affluent Attitudes and Actions Towards Inheritance," 1999 Neuberger Berman.
• "The Perils of Family Money," Forbes, June 19, 1995.* "Should You Leave it To Your Children." Fortune, September 29, 1986.* "The Disinheritors," Forbes, May 19, 1997.
• "A Son's Advice to His Father" Forbes, October 12, 1998.
• "Payday or Mayday? Sure Rich is Better than Poor, but Those Who've Hit it Big Know the Dough can Cause Problems," People Magazine, May 17, 1999;
• "Inheritance and Sloth," Forbes, October 11, 1999.
• "Family Feuds, Financial Planning, November 1999.
• "When Pros Turn Cons," ABA Journal, July 2000.
• "A New Way of Giving," Time, July 24, 2000.
• "Passing it On: Will Older Americans Show Their Children the Money?" Journal of Financial Planning, August 2000.
• "Raising Responsible Children of Wealth," Trusts and Estates, June 2001.
• "When Rich Kids Go Bad," Forbes, October 14, 2002.

Websites:

• www.simpleliving.net
• www.psychologyofmoney.com
• The Inheritance Project (Katherine Gibson) 1-540-953-3977 or
  www.inheritance-project.com
• The Impact Project 1-800-255-4903 or www.morethanmoney.org
• The Affluenza Project (Jessie O'Neil) 1-414-351-8442 or www.affluenza.com

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