Financial Times FT.com

Succession planning: Tricky business of giving it away

By Lucy Warwick-Ching

Published: November 10 2009 16:44 | Last updated: November 10 2009 16:44

Wealthy families are spending more time educating their children in financial matters after an explosion of wealth among entrepreneurs means there is more money to be passed to the next generation.

The past decade has seen an enormous amount of wealth created around the world. While some of it has been lost recently there is still enough left for it to be an issue among the newly rich, who have little idea how to prepare their families to receive it.

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