Succession Planning for Next Generation in Family Office
Comprehensive guide to preparing next generation for family office leadership.
Succession Planning for Next Generation
[Full English version]
Frequently Asked Questions
When should succession planning begin?
As early as possible - ideally when next generation age 15-20. Start education phase (ages 15-21). If waiting until founder 60+, often too late. Recommend: Start planning 10 years before intended retirement.
What should be the timeline for responsibility transfer?
Typically 5-7 years: Years 1-2 education/observation, Years 2-3 active participation, Years 3-5 leadership development, Years 5-7 full transition. Faster risks mistakes. Slower risks founder uncertainty.
Keywords
succession planningnext generationwealth transferfamily office leadership
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