How to Plan for Multigenerational Wealth Transfer 5 Best Practices for the Ultra-Wealthy
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One of the most effective ways to ensure a smooth wealth transfer across generations is by setting up a family governance structure. This framework helps guide decision-making, establishes family values, and promotes open communication about wealth management. Family councils and advisory boards can help family members engage with the management of assets and make cohesive decisions. This is crucial for maintaining unity, especially when the family wealth spans across multiple generations.
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