“Deciding how and when to pass wealth on to future generations can be difficult to navigate.” So it is that Credit Suisse, in drily understated Swiss fashion, frames the immensely complex challenge of how to successfully transfer wealth from one generation to the next.
Wealth transfer and succession planning are two sides of the same coin. Without enough of the latter there is too little of the former. And while it might seem easy for wealth to be passed from parent to child, it is a lot harder than you would think.
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