Description

In their pursuit of leaving a lasting legacy, wealthy families often pass down businesses, real estate, investments, and cash to the next generation.

However, this practice has faced criticism, especially from those outside the family who dedicated their lives to building the family’s fortune. Many family business stakeholders express a common concern: the next generation often lacks the preparation needed to manage this wealth responsibly. Is wealth synonymous with legacy? While we often hear that wealth creators leave behind a legacy, what good is wealth without capable individuals to sustain it? True legacy embodies competence and continuity. This book explores what a legacy should encompass and o ers practical strategies for wealth creators to prepare their heirs for leadership. It also provides insights for the next generation on how to earn their predecessors’ trust to ensure a smooth transfer of wealth and responsibility. Discover how to cultivate a legacy that endures.