Build Your Family Bank

A Winning Vision for Multigenerational Wealth

By: Emily Griffiths-Hamilton

Narrated by: Emily Griffiths Hamilton

Length: 4 hrs and 18 mins

Publisher's summary

Why do 70 percent of wealth-transition plans fail? This is the question that Emily Griffiths-Hamilton sets out to answer in Build Your Family Bank, an audiobook that looks closely at the core causes of wealth erosion and failed transition plans and offers a set of strategies for building successful wealth-transition plans that will benefit many generations.

Emily Griffiths-Hamilton is a chartered accountant and conflict resolution coach who brings three generations of experience to the subject of succession and wealth-transition planning. Her maternal grandfather, veterinarian Dr. William Ballard, was one of North America's greatest dynamic wealth creators. Her father, Frank A. Griffiths, FCA, built a highly successful sports and media empire. Griffiths-Hamilton herself has been the coowner of a of a National Hockey League team, the Vancouver Canucks; a National Basketball Association franchise, the Vancouver Grizzlies; and a state-of-the-art arena.

Griffiths-Hamilton's professional training, expertise, and unique firsthand experience have given her a deep understanding of the benefits of clear, considered succession planning. In this audiobook, you'll learn how to create your own family bank, beginning with the solid foundation of your family's shared values and vision. Griffiths-Hamilton explains how you can assess all of your family's assets - human, intellectual, and financial - and prepare succeeding generations to steward those assets successfully. As you implement the stages she sets out, you'll be crafting a succession and wealth-transition plan that truly meets the needs of your family. The benefits of building a family bank, as this audiobook clearly shows, will go far beyond any financial gifts you may leave your successors.

©2014 Emily J Hamilton (P)2019 Emily J Hamilton

Impressive

This the most helpful asset and trust planning book I have ever read. This is a mist read while planning a trust

Meaningful insights and encouragement from someone who’s been there.

This book was both eye-opening and encouraging. Emily clearly and succinctly discusses the challenges with conventional wealth-transfer (something very few people know or discuss), and then she puts together a detailed plan of action covering the how, the why, and the who for each of us to begin building or own family bank. I give this book a “10” and encourage anyone who intends to leave behind more than just money to future generations to download and listen to what Emily has to say.

Phenomenal

This book came at the perfect time for our family. Kudos and well done. Thank you fir your sage advice. A must read.

Fine Speaking and Highly Detailed

Not only was it Enjoyable and informative, but it really got to the heart of matters when it comes to Family Wealth transition planning and possible pitfalls.

Convincing data. Clear concepts. Few specifics

Like the family bank concept, which was well explained in terms of family relationship to the money and each other. Would have liked to have some specific examples of how inherited wealth can be structured for shared ownership and control.

great things to learn

Very informative and filled with examples and things not to do. Also filled with plenty of things to do to get it right.

It felt like chapters were missing

I listened with much anticipation to learn about the family bank but was disappointed to learn very little about a family bank from this book. The author presented an excellent case why family succession planning fails and how a family bank is a better plan for many reasons which was great. But after listening to this book I still don’t really know what a family bank is. Is it just idea or an actual structure or entity? How do I setup a family bank? Who owns the family bank? How does the family bank operate? Besides the 1st generation putting in a large sum and interest on the loans what are other mechanisms to add funds to the family bank to keep it growing? How does ownership of the family bank move to the 2nd and 3rd generation? How to protect the family bank? The author hints that she will cover these topics but never really does. I enjoyed the pace, the stories, and the presentation but it felt like I was missing chapters. If the author is going to write a follow up, I would still like to learn how to create and operate a family bank.

Not Worth A Credit

I gave it a shot and wanted it to be good. I even listened to the whole thing hoping there would be anything at all even remotely actionable. The author reads her own book and makes the base case for why that shouldn't happen. She has a severe lisp and it detracts from anything she is trying to say, which is very little. She keeps talking about a family bank (while defending her family from something that apparently happened in the Canadian media), but she never tells you what that is or any kind of best practices for organization. There are a couple decent points about making sure everyone earns a voice and that's it.

Okay book but missing actual instructions

Some good content but my hopes were much higher for actual instructions or tips for actually setting up a family bank. She does not explain how her family bank works. My search for a good book fully explaining the “family bank” and giving hard and fast advice continues.