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Transferring and sustaining the family wealth

POINT TO PONDER: A key area of focus needs to be how families make decisions as a group after the controlling member moves on.

THE Chinese have a saying: "Wealth doesn't last three generations". To avoid such an outcome, families need to think strategically about inter-generational wealth transfer as much as they do about their businesses and investments.

The economic centre of gravity has been shifting back to...

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