In many cases, a lifetime’s work is involved: Accumulation of a private fortune is a great achievement – as well as preserving, increasing and passing on those assets. Especially for those who have invested a great deal of time and energy to accumulate numerous assets, it is wise to set the right course in good time and to plan ahead when there is a fortune to be passed on to the next generation.
The asset structure and the family relations are usually very complex and transfer to future generations is therefore highly challenging. One goal is to make optimal use of all possibilities at hand. However, it is paramount not to forget to provide for old age at the same time.
Generation management is about planning diligently, taking into consideration all financially relevant circumstances and meticulous documentation of your intentions, in personal as well as in proprietary matters.
