Generational Wealth

<p>If you run a family business... and you have a significant asset portfolio... and the intention is to create a legacy for your family this is an impeccable resource. </p><p><br></p><p>Two UK-based family wealth experts accountant <strong>Nicholas Charles</strong> and lawyer <strong>Antoaneta Proctor</strong> have complied a highly relevant overview of multi-generational wealth - where the intention is to pass that wealth on to the next generation ongoing. </p><p><br></p><p>The primary worry is that research shows that <em>'...90% of wealthy families FAIL to retain their wealth... beyond the third generation.'</em> This means the family goes from <em>'shirt sleeves back to shirt sleeves within three generations.' </em></p><p><br></p><p>And unfortunately unless you have the right plan professional advisors and importantly an impeccable family-focused communication strategy a wealth legacy statistically tears families apart regardless of the amount. </p><p><br></p><p>In this concise book you will learn about the need for structuring a succession plan especially as it relates to death and increasingly diminished capacity. </p><p><br></p><p>You will learn about family retreats family constitutions family banks philathropic strategies and how to manage a professional advisory team... but the central message is the critical importance of structured family communication. The underlying message is to take a proactive and prudent approach to multi-generational wealth where an ounce of prevention literally IS worth a pound of cure. </p><p><br></p><p>If the goal is to transfer wealth harmoniously this is an exceptional starting point.</p>