Building Value Across Generations
On one hand, wealth provides comfort, security and freedom. On the other hand, wealth can tear away at family unity and create a sense of entitlement, causing family members to lose ambition and direction.
The odds against a family maintaining wealth for more than two generations are staggering. A number of factors work against the family protecting their wealth. Only a sustainable culture of deeply held values and aligned actions can withstand these forces. Family wealth is best preserved and grown through managing family culture. We have learned that you either manage your legacy or it will manage you.
The most successful families want to preserve an enduring family legacy. They pass on their hard earned life lessons to the next generation.
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