Securing the Family Legacy: Strategies to Mitigate Generational Transition Risk
Overview
The transition of wealth and leadership between generations poses unique challenges for a family, their family office, and their business and investment interests. These risks go beyond financial concerns, often focusing on obstacles that threaten successful generational transitions and the preservation of the family’s legacy. By proactively and strategically addressing these challenges—from succession plans to alignment of family values and education initiatives—family offices and their enterprise families can effectively facilitate generational shifts for sustainable growth, harmony, and unity.