ARTICLE · 23 SEPTEMBER 2026

STEP Journal: Mifsud Parker On Protecting Family Business Legacies

Chetcuti Cauchi Advocates

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Chetcuti Cauchi Advocates

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Family businesses face complex challenges when transferring wealth and control across generations. This analysis explores the intersection of legal structures and family dynamics that determine whether succession planning succeeds or fails, examining how trusts, foundations and governance frameworks can preserve business continuity while managing intergenerational relationships.

MaltaWealth Management

Priscilla Mifsud Parker

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A practical analysis of succession planning, next-generation engagement and structures designed to preserve family businesses across generations.

Dr Priscilla Mifsud Parker examined the challenges of family business succession and intergenerational wealth preservation in her STEP Journal article, “How to protect a legacy”, published in October 2019. Her analysis went beyond legal ownership structures to consider the family dynamics that often determine whether succession succeeds or fails. It highlighted the importance of involving the next generation in governance and investment decisions and considered trusts, foundations and private trust companies as structures through which family businesses can preserve continuity while reducing the risk of fragmentation.

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STEP Journal: Mifsud Parker On Protecting Family Business Legacies

A practical analysis of succession planning, next-generation engagement and structures designed to preserve family businesses across generations.

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