Family Governance Can Help Preserve Your Family Wealth for Generations
Inherited wealth can be a blessing or a curse. It can empower families to enjoy freedom and comfort throughout their lifetime and enable them to make positive contributions to the community. Or it can result in overindulgence, laziness and lead to infighting within the family.Without a solid plan, a family can expect to sit by and watch their financial assets disappear in the process of handing down wealth to new generations. Worst of all, when it happens, the family often fragments and relationships are destroyed....