Three Key Challenges Facing Wealthy Australian Families

Market research reveals that nearly 70% of intergenerational wealth transfers fail by the third generation and almost 90% by the fourth. These are compelling statistics which have become top of mind concerns for many families as they plan their wealth transition to the next generation. For Australian families, there are three key challenges they face when transitioning wealth. A closer look shows what they are doing to beat the statistics and ultimately succeed. It's a high-level overview that can help your family implement a wealth transition plan that empowers all family members to unlock their true potential.