Have you ever seen a mansion wasting away? Or a family business close after several generations? For as long as records have been kept, it seems, 9 in 10 families fail to hold onto their assets – and their family unity – for more than three generations. It doesn't have to be that way. There is a formula for sustaining wealth from one generation to the next, and it has little to do with investment strategies or legal structures and everything to do with building family relationships. In our work with The Heritage Institute, which helps successful families pass on their wealth and unity, we have broken down this formula into five essential elements. Whether you're trying to preserve a $50 million estate or a $50,000 inheritance, these five elements can help you build family lasting unity around shared goals:
The most realistic scenario in Syria is quagmire: Assad still has loyalty; the opposition is splintered, though protests continue; and the international community is indecisive, including the Arab League. But stalemate could finally prompt foreign intervention and a needed ‘safe zone. Benedetta Berti, a fellow at the Institute for National Security Studies of Tel Aviv University, lists the three factors that will determine Syria’s future.
Home prices are recovering in some regions, fluctuating in others, and stuck in the basement in still others. How they are faring may yet be an important factor in the 2012 presidential election. Here's how home prices in metro areas in six swing states compare with those at the housing market's peak in 2006.
First Iowa, now Florida, have seen the first wave of political TV ads from super PACs – mostly negative – that will smother the 2012 presidential elections. Voters have an easy way to avoid such ads: the mute button. Here are eight reasons to use it: