{"id":105823,"date":"2022-12-22t11:58:32","date_gmt":"2022-12-22t16:58:32","guid":{"rendered":"\/\/www.g005e.com\/?p=105823"},"modified":"2024-08-07t23:10:02","modified_gmt":"2024-08-08t03:10:02","slug":"create-family-dynasties","status":"publish","type":"post","link":"\/\/www.g005e.com\/2022\/12\/22\/create-family-dynasties\/","title":{"rendered":"create family dynasties and add value, roi"},"content":{"rendered":"

having a well-formulated succession plan is essential. \"\"<\/strong><\/p>\n

by russ alan prince
\nyour $5 million high-net-worth practice<\/a><\/em><\/p>\n

a family dynasty is defined as a cohesive economic entity where the perpetuation of family wealth, values and objectives lasts for five or more generations. about 60 percent of ultrawealthy families (net worth = us $30 million or more) are strongly attracted to the concept of a family dynasty.<\/p>\n

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the interest in creating a family dynasty is strongest among ultrawealthy families with single-family offices. nearly three-quarters of them think along these lines, according to senior management at these single-family offices. percentagewise, the founders of the single-family offices find the prospect of a family dynasty more appealing. at the same time, two out of five c-level ultrawealthy business owners are very interested in potentially creating a family dynasty. in these cases, more inheritors than founders find the idea of a family dynasty appealing. as the research is based on a worldwide sample, it is evident that the appeal of family dynasties is extensive and widespread.<\/p>\n

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