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2. Description ‘If you run a family business, with a significant asset portfolio and the intention is to create a legacy for your family,this is an impeccable resource.” Tobias Prestel – Founding Partner, Prestel and Partner Family Office ForumFact: Multi-generational wealth is an aspiration that all wealthy families strive to achieve. But statistics show that 90% of families lose their wealth by the third generation. So why does this happen?How is the money squandered? What exactly is wealth? What is required to maintain a legacy? And how can you stop your family from falling apart? How do you deal with family conflicts? How can you prevent such conflicts from escalating to destructive legal battles?Two UK based family wealth experts, accountant, Nicholas Charles, and private client lawyer, Antoaneta Proctor have combined their knowledge, experience, and expertise to create Generational Wealth. Their sole purpose is to communicate the real, highly predictable reasons why most wealthy families fail to retain multi-generational wealth. Generational Wealth carefully explains the philosophy, strategies and steps required to solve a conundrum that has cursed most wealthy families.The problem is rarely traditional professional advice. Tax, legal, financial, and structural advice may be important, but they are not fundamental when it comes to sustaining multi-generational financial success. Packed with real life stories and case studies, this book asks the important questions that your family will need to answer if you wish to keep your wealth in the family for generations.Generational wealth requires you to understand the problems faced by your family today; to have a clear vision of where your family wants to be in the future and to work consistently and collectively, as a family, towards achieving your collective vision.This is the ultimate guide on how to retain your family’s wealth and establish a legacy that thrives for multiple generations and an impeccable resource.This book debunks the myths surrounding wealth and provides the guidance that your family will need to follow to create a legacy that thrives for multiple generations.You will learn about setting a vision for the family wealth, family constitutions, family banks, philanthropic strategies and having accountable professional advisors who are aligned to your family vision.The central message however is the critical importance of having a structured communication; and conflict resolution strategy.To establish multi- generational wealth, you need to take a proactive and prudent approach. If your goal is to grow and manage family wealth harmoniously and work together to establish your family’s legacy, then this book will be an exceptional resource for you.This is an impeccable wealth management resource for wealthy families.wealth management; multi-generational wealth; financial management; family wealth; family prosperity; tax advice; wealth planning;

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