After achieving success creating a valuable family business, the wealth creating generation of a family often turns its attention to the next generation. They don’t want their assets spent excessively or frivolously by their children. Rather, they want their children to become responsible young adults who are ready, willing and able to take control of the family’s assets. Achieving this is every bit as difficult as building a business. Success demands thoughtful planning, skills and patience that their previous success has not prepared them for.
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