The Cycle of the Gift: Family Wealth and Wisdom by James E. Hughes Jr., Susan E. Massenzio, and Keith Whitaker is a book I saw on Mahogany books as highly recommended and I thought I'd give it a chance.
Started: 7/28/2020
Completed: 8/14/2020
Recommendation: Not Recommended
Recommended By: Mahogany Books
Review:
I was not fond of this book. It was timely in that we started working on our will not long after I started the book, but it seemed mostly common sense to me. Of course, one man's common sense is another man's wisdom, but I find it hard to believe that people need to be told most of this stuff. I was unaware that a philanthropic trust could be created for as little as $10,000 and that surprised me. The idea of linking grandchildren and grandparents using such a trust was a cool idea and I will remember it. Otherwise, I got precious little from the book.
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