Fam­ily two

The Star Early Edition - - OPINION & ANALYSIS -

re­mains the re­spon­si­bil­ity of par­ents to en­sure the cor­rect val­ues are in­stilled in their chil­dren from an early age.”

Money talks

work. It may also be valu­able to en­gage chil­dren in dis­cus­sions about how you have di­vided wealth and how in­vest­ments work,” she said.

Mar­teen Michau, Head of Fidu­ciary and Tax at San­lam Pri­vate Wealth, said the chal­lenge for par­ents is pre­par­ing their chil­dren ad­e­quately to man­age, sus­tain and grow fam­ily wealth.

“There is a need for dif­fer­ent gen­er­a­tions to hold a round-ta­ble dis­cus­sion shar­ing sto­ries, and agree­ing on val­ues and long-term goals in or­der to cre­ate a fam­ily man­i­festo so there is a clear wealth plan in place.”

Across gen­er­a­tions, 25% of wealth is lost be­cause heirs are un­pre­pared to in­herit. San­lam Pri­vate Wealth is hop­ing that by high­light­ing the is­sues and telling real-life sto­ries, it can open the dis­cus­sion around wealth and help to im­prove the out­comes.

To meet Stan­ley, Nom­fundo and their heirs, watch their bank vault ex­pe­ri­ence and use an on­line tool to track your or your heirs’ own in­her­i­tance, visit www.the­fam­i­ly­for­tune. co.za This is spon­sored con­tent

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