It's an old saying: the first generation builds it, the second maintains it, and the third blows it. But not every wealthy family is content to let that happen. Some families are getting serious about bucking the trend by teaching financial literacy early, setting up airtight trusts, and even turning estate planning into a regular family tradition. Families Are Getting Strategic With Their Wealth “My three-year-old can recite our familial investment philosophy,” one commenter said in a recent Reddit th ...

Group 1 - The 2025 Bay Area Wealth Conference was held in Shenzhen, focusing on global asset allocation, cross-border wealth management, and wealth management and inheritance [1] - The discussion on "Investment Behavior Changes of High-Net-Worth Clients" highlighted differences in investment strategies between the first and second generations of family businesses [3] - The Secretary-General of the Shenzhen Family Office Promotion Association emphasized the need for long-term systematic planning in family wealth management and inheritance [3] Group 2 - The analysis identified four dimensions of family inheritance: wealth transfer, business handover, family governance, and the continuation of family culture and values [4] - The importance of aligning perspectives between the first and second generations to avoid conflicts in family wealth management was stressed [3][4] - Family offices play a crucial role as mediators and facilitators in the communication between generations [3]