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With some care and effort, your family’s story can live on and grow with each new generation. This article describes the process of creating a family archive: a treasure trove of historical information about family decendants, business accomplishements and important events. Helpful tips such as archival vendors and types of materials to use are included.

The vitality and longevity of a mature family enterprise depend on three key value drivers: the family economic engine, including both business and financial assets; the family itself, its culture and members; and “leakages” that include both cash flow management and estate planning.

Entrepreneurial stewardship is the key to perpetuating family wealth through multiple generations. Stuart Lucas and David Lansky discuss some of the paradoxes of maintaining a healthy, wealthy multigenerational family and how to address effectively these paradoxes.

Why is an American who has spent over a quarter century managing financial assets for his family cautioning you against selling your family business? The author urges you to think twice before selling your business.

Many wealthy families envision keeping a shared property in the family as a means of building family unity, harmony and legacy. A number of notable families have been successful at this, but many others find the reality creates the opposite of their intention.

Families that marry the strength of individualism with a more inclusive, long-term mindset can capture the best of both worlds. They can improve on a traditional foundation with diversified business interests and strategically populate affiliated ventures with members of the extended family.

While family businesses are playing an important role in the economy and studies have regularly shown that in the long-term they outperform other businesses, there is the continual challenge of succession to the next generation. An estate is built up over the generations and the family grows larger. This source of diversity is not without its challenges: how do you forge a common identity to which everyone can relate? How do you learn to take decisions together while maintaining family harmony?

There is the age old stigma that wealth can bring or buy happiness. But, we hear it time and time again: money doesn’t buy happiness. The lack thereof may create unhappiness, but the presence of wealth does not necessarily have the opposite effect. Wealth does not create happiness nor does it provide the meaning of life. It may provide opportunities, but that does not guarantee happiness or meaning. Senior Wealth Dynamics Coach Amy Zehnder looks at the prospects of turning wealth into happiness.