In This Issue: - The universal challenge of family leadership succession and its risks. - Common planning gaps and pitfalls revealed. The Universal Challenge of Family Leadership Succession Leadership succession planning is a "universal imperative" for families of wealth, transcending geographical, cultural, and even religious differences. In particular, family leadership transitions are inherently riskier and more complex than corporate successions. In corporations, authorit

Family office succession planning remains a major challenge globally, with most firms still unprepared for generational transition, according to a new Ocorian survey. Only 23% of respondents said they were fully ready for succession, while 99% of employees and advisers agreed more preparation is needed. About 91% observed a natural handover of wealth and leadership, while 3% did not and 6% were unsure. Generational divides are evident: 85% said next-gen approaches differ from