“The more you can create that context in the family owner's manual, the more important it is and the more it is NOT the ‘in-case-of-emergency’ file. Because the in-case-of-emergency file is going to say I’m an LP in Fund VII from so-and-so and my withdrawal rights are such and such. Or here’s the document. You go figure out what my withdrawal rights are, if I have any.” The owner's manual teaches future generations what to prioritize and why. – Josh Kanter

Josh Kanter is the family office principal at Josh Kanter Wealth Advisory Services. He is also the founder & CEO at leafplanner, a comprehensive solution on planning for the 100-year time horizon for a family office, birthed out of his own need with his own family of creating an everlasting institution.

After decades as a lawyer, he went on to focus on his family business where he also currently serves as President of Chicago Financial, Inc., a single family office overseeing a complex organization of trusts, investment and philanthropic entities for a multi-branch and multi-generational family.

You can find Josh on his socials here:

LinkedIn: https://www.linkedin.com/in/joshua-kanter/

OUTLINE:

[00:00 ] Intro[04:01 ] Art, sculptures and Jun Kaneko[12:30 ] The inception of Walnut Capital Corp[15:36 ] How Josh defines creativity[17:03 ] Creating the "freedom trust"[17:56 ] Where did the name leafplanner come from?[20:03 ] How did Josh get involved in the family venture business?[23:22 ] Top lessons from being startups' legal advisor[25:48 ] Lessons as an investor and LP[27:57 ] Investing in America's biggest fraud[30:01 ] The origin of leafplanner[38:15 ] How do you start a family owner's manual[40:03 ] The importance of prioritization and context in the manual[45:35 ] How do you make a owner's manual searchable?[49:50 ] The five kinds of capital (intellectual, human, social, financial, spiritual)[53:15 ] What is the role of luck in Josh's life?[54:31 ] Josh's primary vice when saying no[56:51 ] Post-credit scene

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