How To Avoid Conflict In Family Wealth Planning

When it comes to family wealth, the potential for conflict is always a possibility. However, as Executive Director, Richard Joynt explains, family offices and clarity around how they are established and operated can play a key role in reducing the risk of disagreement or miscommunication, starting by finding shared purpose.

If COVID-19 has had a striking impact on almost every facet of life today, family wealth is no exception. In the face of the pandemic, even the world's most powerful patriarchs and matriarchs have suddenly had to face the issue of their mortality, and the effect this may have on the financial legacy they've worked so hard to create.

But the pandemic isn't just a health issue. It has also sent shockwaves through the financial markets, bringing a volatility that further threatens this dynastic wealth.