The Happy Inheritor (Book Review): Be forewarned - this book will challenge you, but the rewards are immeasurable!
Adrian C. Spitters FCSI?, CFP?, CEA? President, Author, Private Wealth Advisor
I Execute Tax-Efficient Investment Portfolio Solutions So That Your Business, Family, And Estate Assets Are De-Risked And Protected Against Financial Risk, Economic Threats, Inflation And Higher Taxes.
Guest Contributor: Peter J. Merrick, TEP
I recently finished reading "The Happy Inheritor: How Successful Families Prepare Heirs and Transition Wealth" by Dr. Thomas William Deans , and I am absolutely electrified by its brilliance. All three of Tom’s books are undeniable classics, but this one, in particular, stands out as his magnum opus. Tom has always been an extraordinary human being, radiating incredible insights and advice, but with his latest work, he has truly ascended to Sage Status. Tom is the finest writer on wealth transfer in the English-speaking world, and his message has always been consistent and profound: sell the business to preserve family relationships and wealth, all while passing on invaluable family values to future generations.
Although Tom is a gifted writer, his talents as a public keynote speaker and family meeting facilitator are even more remarkable. His generosity and wisdom shine through every page, marking him as one of the most giving and inspiring individuals you will ever encounter. Tom's mission is all about creating a lasting legacy. He writes, speaks, and facilitates because he knows it’s his calling.
My connection with Tom Deans began in 2008, just before the release of his groundbreaking book "Every Family’s Business: 12 Common Sense Questions to Protect Your Wealth." Our initial meeting sparked not only admiration but also a collaboration that has significantly enriched my life and career.
Having devoured Tom's previous books, I can confidently proclaim that "The Happy Inheritor" is his most mature and insightful work yet, a true feat considering the immediate classic status of his earlier works. This book overflows with incredible wisdom, drawn from Tom's extensive experience delivering keynote speeches to tens of thousands of business owners, their advisors, and their intended inheritors worldwide. His insights are not just theoretical; they are practical, actionable steps that can transform family dynamics, revolutionize the wealth transition process, and save families from discord.
"The Happy Inheritor" transcends the genre of business books; it’s a powerful guide that compels individuals, their families, and their trusted advisors to stop, reflect, and take decisive action. Tom emphasizes the dual nature of wealth: it can either forge loving, resilient families or be a tool of control and destruction. He passionately argues that secrecy around family wealth transfers is a failing strategy, as evidenced by the increasing number of high-profile family feuds and legal battles. This book sheds light on how successful families break the silence, openly discussing money to prevent the erosion of family wealth and unity.
"The Happy Inheritor" is an essential read for business owners, aspiring entrepreneurs, and professionals navigating the labyrinthine complexities of family wealth transition. Be forewarned: this book will challenge you, but the rewards are immeasurable. It’s a book that doesn’t just inspire—it compels action, fostering better communication and stronger relationships within families.
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