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The Effects of Control on Wealth Transfer and Legacy Preservation
Issues of control can be fundamental to an effective transfer of wealth that sets up future generations for success in life and work. Decisions made can reverberate for good or ill for generations. Should you try to preserve your legacy “from the grave,” and bind heirs to your wishes, or should you create a wealth transfer strategy that allows future generations flexibility to choose their own paths while avoiding an entitlement mentality? Panelists will look at the effects of this question on the business, the family, and on future generations, and offer lessons learned.
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