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Approximately 70% of inheritances are gone by the third generation.

Or as the old saying goes: The first generation earns it, the second generation burns it, and the third generation yearns for it.

History tells us that transferring family wealth successfully doesn’t just happen. It must be planned, implemented, monitored, and adapted.

It also must be customized for each generation. In one family we know, the first generation provided support to the children not interested in family governance and, control to those who were.

The second generation is now leading the third generation through the same process.

Transferring wealth is never just about the money! Family members’ situations, personalities, and competencies are always vital factors that can make the difference between success and failure.

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