One day, all of us will be gone and we will leave our “stuff” to others. Most would like to help their loved ones and not harm them with easy money through inheritances. But how? Some of the most successful families in history have been practicing a unique strategy for centuries that provides opportunities with accountability: The Family Bank.

The wide-spread adoption of Family Bank strategy has the potential to repair a number of family and societal problems such as entitlement, selfishness, financial insecurity, consumer debt, governmental debt and waste, economic downturns, and even poverty.

We are at the beginning of the greatest wealth transfer in American history—75 million Baby Boomers are aging, and they will transfer an estimated $70 trillion when they die. People are rightly concerned about the best way to help their surviving loved ones, and they certainly don’t want to entitle them or facilitate any self-destructive behavior. Readers who understand and adopt the principles of the Family Bank in their personal planning will solve stubborn financial problems that have plagued the majority of the families for centuries.