1. Build family culture
Families that focus on building an authentic, value-based culture and are able to rally all members behind a mission or purpose are far more successful in functioning as an effective unit and achieving multi-generational wealth transfer. Significant effort is invested into building trust, encouraging collaboration and creating a sense of belonging, all which drive cohesion and healthy cross-generational relationships. Differences in priorities and skill-sets are recognised and accepted, with members assuming different roles in support of a shared objective.