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Family governance, heritage and succession planning matter

It's an ongoing process to build family governance and heritage. You will not solve it at once, but all family members should have a voice and active part.

Centrolaw
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Family governance, heritage and succession planning matter

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  1. FAMILY GOVERNANCE: STRENGTHENING WEALTH PRESERVATION centrolaw.ch

  2. WHAT IS FAMILY GOVERNANCE? Structures, forums, and frameworks for decision-making and communication based on a family's shared values, culture, and goals. centrolaw.ch

  3. THE FRAMEWORK Develop a written document outlining family values, goals, and policies. Set expectations for wealth ownership and financial responsibilities. Foster unity and cooperation among family members. centrolaw.ch

  4. GOVERNANCE BODIES Form a decision-making and representative body for family members. Enable regular communication. Engage in education, training, and succession planning. centrolaw.ch

  5. PREPARING THE NEXT GENERATION Encourage financial literacy and wealth management education. Mentor younger family members in their roles and responsibilities. Foster a sense of stewardship and long-term thinking. centrolaw.ch

  6. CONFLICT RESOLUTION Address and resolve conflicts within the family governance framework. Implement alternative dispute resolution mechanisms. Preserve family harmony and prevent public disputes. centrolaw.ch

  7. ADAPTING TO CHANGE Periodically review and update family governance structures. Adapt to changing circumstances, regulations, and family dynamics. Ensure continued alignment with family values and goals. centrolaw.ch

  8. THE BENEFITS Family governance can assist in preserving your wealth and minimizing disputes. It enables communication, decision-making, and alignment in purpose.

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