Family Wealth: Keeping it in the Family

James E. Hughes Jr.'s  Family Wealth: Keeping it in the Family, focuses on the long-term preservation of family wealth across generations, addressing the common issue of fortunes dissipating. The author argues that true wealth comprises not just financial capital, but also human and intellectual capital, emphasizing the need to nurture individuals within the family and their collective knowledge. The book proposes establishing a system of family governance, drawing inspiration from republican models, and highlights the importance of elements like a family mission statement, effective rituals, and the utilization of external advisors and mentors to facilitate this process. It also discusses practical tools like a family balance sheet, investor allocation, and a family bank for managing resources.