Succession Planning in Family Offices: Protecting Wealth Across Generations

Technology

February 2, 2025

MyFO

The saying “shirtsleeves to shirtsleeves in three generations” highlights why succession planning is critical. Without structure, wealth often fails to survive generational transitions.

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Why Succession Planning Matters

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Prevents disputes.
Preserves governance structures.
Ensures tax efficiency.

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Tools for Succession

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Trusts and estate structures.
Family constitutions and charters.
Next-gen education programs.

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Preparing the Next Generation

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Heirs need financial literacy and involvement in decision-making early. This builds confidence and continuity.

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Challenges

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Generational differences in values.
Balancing privacy with transparency.
Global tax complexities.

Conclusion

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Family office succession planning ensures wealth is preserved and families remain united. The right structures, combined with education, create resilience across generations.

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Spotlights

November 20, 2025

How Hopewell Capital gained a consolidated view of all assets with MyFO

Hopewell Capital Corporation (“HCC”), established in the mid-1990s, is approaching its 30th anniversary. From its inception, the entire Hopewell group has embraced a philosophy it calls “happy money.” It’s a belief that drives them to create mutually beneficial, long-term partnerships where all parties thrive. As HCC’s assets under management expanded across multiple asset classes, it became increasingly difficult to track them all using manual methods. This case study delves into how MyFO helped them gain a consolidated view of all assets to support better capital allocation and preservation decisions.