Family business owners and executives know how hard it was to build a new company, create enough wealth to sustain and expand it, and establish structures to protect and grow that wealth for the benefit of current and future generations. Over the past 20 years, philosophies and instruments for the management of wealth have evolved at a dizzying pace, and the current economic milieu makes decisions related to wealth management ever more complex.
What wealth management scenarios make sense for the 21st century? Are there “failsafe” options for wealth preservation? How can wealth be transferred from generation along with the values and the ethics that made it possible in the first place? What changes in estate and tax law have an impact on wealth management and disbursement? And how can the builders of wealth insure that the inheritors of wealth share a vision for the future of the family business?
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