The RSJ Thought Center

Intelligence Versus “Stupidity,” and Why There Is No Such Thing

Posted by Tony A. Rose on Dec 10, 2015 12:58:07 PM

As a culture, we primarily recognize people with verbal, linguistic, logical, and mathematical intelligences. Scholastic aptitude tests and IQ tests look only at these traditional intelligences. We say that people who have musical skills are talented. We degrade manual laborers, as though their bodily and kinesthetic intelligences are less important than the intelligences of those who do well on standardized tests. A charming person who is good with people might, in fact, be an interpersonal genius with as much importance as a professor of fine literature. 

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Topics: Tony Rose, Intellectual capital in estate planning, Estate planning, #wealth

Intellectual Capital: Powerfully Combining a Family’s Knowledge

Posted by Tony A. Rose on Dec 4, 2015 11:49:28 AM

Boiled down to the simplest of terms, intellectual capital is the stuff you know: your acquired skills, knowledge, and expertise. Your intellectual knowledge is how you make money. The degrees you have, the experience you have gained, the training you have completed all feed into the product or service you offer.

That said, the richest, most powerful intellectual capital represents several subsets of knowledge that are carefully packaged together in such a way that they are difficult to duplicate.

Consider, for instance, Uber, the mobile app that provides rides for hire, similar to a taxi service.

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Topics: Intellectual capital in estate planning, Values-based wealth transition, Estate planning

Estate Plans Should Include Transferring Your Family’s Intellectual Capital

Posted by Tony A. Rose on Aug 4, 2015 9:11:00 AM

Part 3 of 4 in Our Series on Values-based Wealth Transition for High-Net-Worth Families

In this series, I’ve been describing our model for the way high-net-worth families grow, protect, transfer, and distribute wealth within complex family dynamics.
Too often, a wealth holder’s estate plan has sophisticated tax planning and minimization strategies, but it fails to account for transferring the family’s values, knowledge, relationships, or structures that created wealth in the first place.
When a family adopts a legacy- and values-based wealth transition plan, it builds a filter for making decisions that not only preserves wealth, but also enhance legacies.
In this post, I’m going to introduce the concept of intellectual capital as a component of a legacy-based estate plan. 

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Topics: Wealth transfer, Intellectual capital in estate planning, Ultra high net worth families, Values-based wealth transition, Wealth transfer in ultra-high net worth families, Estate planning, Values-based wealth transition model

Rose, Snyder & Jacobs LLP is a CPA firm based in Encino, CA that serves private and public companies, business owners and high-net-worth families. Our services include tax, assurance, estate planning, business advisory, and wealth transition consulting. We deliver a long-term perspective and innovative accounting solutions so our clients can focus on their success. Call us at 818.461.0600 for a confidential, no-obligation discussion.
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