THE NEXT STEP
Oct 10, 2019
3 minutes
BY NICK FERGUSON
More than two-thirds of wealthy families expect a generational transfer in the next 10 to 15 years, but managing such transitions successfully can be challenging. This is especially true in Asia, where cultural issues often make it difficult or even taboo to discuss a handover to the next generation. Yet handing over the reins to the younger generation need not be messy. Here, we look at some basic principles that help ensure a smooth transfer.
1) START EARLY
Given all the complex concerns involved in generational transfers, it is extremely important
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