What Is A Family Legacy Worth?

The strength of kinship within a family, and the purpose and values they share, make the family business legacy a unique asset. The concept of a legacy is difficult, if not impossible, to replicate in other business models. It represents both the tangible and intangible assets: the financial, social and emotional value that the family has accumulated, adapted and continues to take forward.

With the next generation of family members who are faced with more career options, greater areas of interests and different priorities, we wondered if they might have a different outlook regarding the importance of value of their legacy than the many generations that have preceded them.

Could the importance of the family legacy be challenged in the future? Or is it something that all generations consider to be central to the family and the business - a privileged and valuable asset that is well worth preserving?