Tag: FamilyWealth
Family business owner dies – what happens next?
Safeguarding your family business for the next generation goes beyond just having a will - particularly when the family is dependent on income from the business. While the United Nations estimates that family-owned or managed businesses generate about two-thirds of global GDP and 60% of jobs, a successful business means far more than an income-producing asset for many South African families.
Generational wealth – can wisdom preserve a legacy?
Most parents spend decades building generational wealth, but few spend the time preparing the next generation to manage it. That is often where things fall apart. We are very good at transferring assets, but we are not good at transferring judgment.
Raising financially capable children with lifelong skills
Preparing your children for wealth starts long before an actual inheritance. You need to prepare them to manage it with responsibility and perspective. As financial advisers, we spend a great deal of time helping people build and preserve wealth. I have worked with numerous clients who have spent decades building businesses from scratch and managing investment portfolios.
