The family accountant knows every dividend ever declared. The lawyer remembers the first trust deed. There is loyalty here, and gratitude. But there is also a feeling that the conversations have stopped evolving. For the next generation, this is a hard truth to sit with. Firing a parent's professional adviserfeels personal, almost disrespectful.

Financial decision-making in a family enterprise is less about individual authority and more about collective responsibility.

Are families actually prepared for the transition of their family wealth to the next generation? Many families think they are ready but inst