Those families and entrepreneurs who succeed in preserving and multiplying the wealth accumulated in the past have one thing in common!
They understand how to adapt to a constantly changing environment and, thanks to foresightedness and clarity, safeguard their wealth against threats of loss and risks of destruction.
Threats mainly emerge from political, economic, legal and social vicissitudes that can occur in response to financial, business or government crises. Risks, on the other hand, mostly come from within: family members want to develop personally, spread their wings, enjoy things and realise their own vision of what life is all about. But family feuds can arise from those diverse desires and pose risks to the family fortune.
For that reason, it is indeed prudent to address at a very early stage how one’s wealth and values can be protected against loss and destruction – because with wealth comes responsibility!