Summary
Many wealthy families risk financial ruin and legacies of bitterness because they refuse to discuss money matters, a report claims this week. A study by Saffery Champness, financial advisers to the wealthy, found relationships in well- established families turn sour because they still cling to the age-old custom of not talking about money.
The report, which also looks at attitudes towards inheritance, found that among landed estate owners the preservation of the estate is usually still the top priority, despite the pressure for equality between children.See the full content of this document
Extract
Money Rows Spilling the Beans
First generation entrepreneurs, on the other hand, are wary of the risk in passing on huge sums to ...
See the full content of this document
Sponsored links
