Daniell, M. H., & Hamilton, S. S. (2010). Family Legacy and Leadership: Preserving True Family Wealth in Challenging Times. New York, NY: John Wiley.
Daniell and Hamilton offer a new approach to an age-old goal—how to turn a family fortune into an enduring family legacy. The thrust of their book is to “allow leaders to serve their families with better information, greater insight, diminished risk and an improved chance to build a lasting family fortune and an enduring family legacy.”
The book is a worthwhile read because, unlike other books on family wealth management, it goes beyond the concept that the primary focus of financial legacies is money. The authors demonstrate that the passage of true wealth involves more than transferring money. The prime focus, in their opinion, should be engaging the entire family to create reasons why they should stay together despite their differences and to establish what each family unit wants to accomplish together.