{"id":1825,"date":"2021-06-10T18:27:34","date_gmt":"2021-06-10T18:27:34","guid":{"rendered":"https:\/\/stewardshiplibrary.com\/?p=1825"},"modified":"2024-01-26T16:32:34","modified_gmt":"2024-01-26T16:32:34","slug":"case-study-4-the-murphy-family-pcs-400","status":"publish","type":"post","link":"https:\/\/stewardshiplibrary.com\/case-study-4-the-murphy-family-pcs-400\/","title":{"rendered":"Case Study #4: The Murphy Family (PCS 400)"},"content":{"rendered":"\n<h3 class=\"wp-block-heading has-text-align-center has-black-color has-text-color\">Greatness, Growth, Governance, Generosity<\/h3>\n\n\n\n<p class=\"has-text-align-center has-medium-font-size\">The process in this study creates <strong>Intentional Transformation<\/strong> for families and businesses by guiding them to discover the greatness, growth, governance and generosity in their story that will impact today, tomorrow and eternity.<\/p>\n\n\n\n<p class=\"has-text-align-center has-medium-font-size\">The Murphy family had a business they were planning to sell.<br>They were in their 60s with five adult children.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Original Financial Situation:<\/h3>\n\n\n\n<ul>\n<li>The Murphy&#8217;s were in their mid 60s and had five adult children.<\/li>\n\n\n\n<li>They had built a business and were planning to transition out of the business.<\/li>\n\n\n\n<li>A few children were involved in the business, but none of their children wanted to run the business long-term.<\/li>\n\n\n\n<li>They provided each of their children a small percentage of ownership in the business.<\/li>\n\n\n\n<li>They were unsure how to best structure the sale of the business to benefit their family and minimize taxes.<\/li>\n\n\n\n<li>They wanted to provide an additional lifetime inheritance for their children and grandchildren but were not sure where to start.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Original Family Impact:<\/h3>\n\n\n\n<ul>\n<li>Although the Murphy\u2019s felt they had passed on \u201cgood values\u201d to their children, they were not clear and there was nothing specific unifying the family toward a common purpose.<\/li>\n\n\n\n<li>All of their children had married, and the family wanted to find a way to bring the in-laws into planning conversations but had no framework on where to start.<\/li>\n\n\n\n<li>Some of their children were involved in the family\u2019s business and others were not. A potential business sale was straining the family\u2019s dynamic.<\/li>\n\n\n\n<li>There was a desire to be more generous but little clarity around how the family could make an impact together.<\/li>\n\n\n\n<li>The Murphy\u2019s desired to have more feedback from their children on their plans but had not established an avenue to facilitate these conversations.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Video<\/h3>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-vimeo wp-block-embed-vimeo wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe src=\"https:\/\/player.vimeo.com\/video\/561354806?dnt=1&amp;app_id=122963\" width=\"800\" height=\"450\" frameborder=\"0\" allow=\"autoplay; fullscreen; picture-in-picture\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Handout<\/h3>\n\n\n\n<p><strong><a href=\"https:\/\/stewardshiplibrary.com\/wp-content\/uploads\/2021\/06\/210204-Murphy-Case-Study-Presentation-Printable.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Case Study #4: The Murphy Family (PCS 400)<\/a><\/strong><\/p>\n\n\n\n<div class=\"wp-block-button is-style-outline\"><a class=\"wp-block-button__link has-text-color wp-element-button\" href=\"https:\/\/stewardshiplibrary.com\/advisor-training\/#trainingcurriculum\" style=\"color:#61578b\"><strong>RETURN TO ADVISOR TRAINING CURRICULUM<\/strong><\/a><\/div>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The process in this study creates Intentional Transformation for families and businesses by guiding them to discover the greatness, growth, governance and generosity in their story.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[66,98],"tags":[54],"_links":{"self":[{"href":"https:\/\/stewardshiplibrary.com\/wp-json\/wp\/v2\/posts\/1825"}],"collection":[{"href":"https:\/\/stewardshiplibrary.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stewardshiplibrary.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stewardshiplibrary.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stewardshiplibrary.com\/wp-json\/wp\/v2\/comments?post=1825"}],"version-history":[{"count":1,"href":"https:\/\/stewardshiplibrary.com\/wp-json\/wp\/v2\/posts\/1825\/revisions"}],"predecessor-version":[{"id":3773,"href":"https:\/\/stewardshiplibrary.com\/wp-json\/wp\/v2\/posts\/1825\/revisions\/3773"}],"wp:attachment":[{"href":"https:\/\/stewardshiplibrary.com\/wp-json\/wp\/v2\/media?parent=1825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stewardshiplibrary.com\/wp-json\/wp\/v2\/categories?post=1825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stewardshiplibrary.com\/wp-json\/wp\/v2\/tags?post=1825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}