New research by Withers has revealed that generational succession in wealthy families around the world has led to a fundamental re-evaluation of the purposes of wealth and family businesses.
The international law firm interviewed a number of high net worth international families with the research establishing five key lessons that wealthy families have learned through coping with succession and working to preserve their assets and family unity:
- Transitions are complicated: Whether selling a business, setting up a foundation or passing control of wealth to the next generation, families sh...
