With great wealth comes great responsibility.
But in family offices, that responsibility often falls to one elder. This is unsustainable and undesirable for everyone involved.
There are other complexities at play, too. Family relations may be strained. Different generations often have conflicting ambitions. Succession planning is essential but younger beneficiaries are not always equipped to take on the mantle. Trusts are facing increasing regulation around disclosures and reporting.
These are challenges that Itriom