The family office
Oversight, governance and decisions that line up with what the family wants.
My book
The Pillars of Preserving Family Wealth
A Comprehensive Guide For Creating A Family Dynasty That Lasts For Generations
Families spend years building a business and planning the estate. Very few spend any time on how the family itself will run once the money's there. I wrote this book about that part.
It's built on three pillars. The family office handles oversight and governance. The family bank holds the family's assets and can lend to a family member who's starting something. The family foundation is where the giving and the values live.
I also get into the things people put off, like writing a family charter, talking about money out loud, planning succession and deciding what success means past the balance sheet. It's for founders, professionals on their way up, and anyone inheriting wealth who wants to handle it well.
The three pillars
The family bank
One place that holds the family's assets and can lend inside the family.
The family foundation
The family's giving, and a way to bring the next generation into it.
Who wrote it
I'm Michael Glover. I live in Phoenix with my family and run the Paramount companies, including Paramount Offices, which works with families on exactly this kind of planning.