Part 2 - Defining our Legacy - Flipbook - Page 30
B O O D L E H AT F I E L D -
LESSONS IN LEGACY
With climate change rapidly moving up the agenda, increasingly, families want
their legacy to focus on future proofing their business and ensuring it makes a
positive contribution to tackling environmental challenges. Prioritising this
type of objective within a succession strategy can give family members a real
certainty that their vision will be followed long after they have stepped back.
Many individuals will often have an opinion on these types of issues but
downloading and codifying their thinking ensures a far longer lasting
fingerprint across their interests. This shift from being a lone-wolf leader to
perhaps seeing decisions taken on a more collective basis is not always an
easy one. Having the right advisers in place can help with this transition and
ensure that eyes are kept on the prize of a powerful and sustainable legacy.
Setting up the next generation for success will go a long way towards
removing obstacles to a smooth transfer advises. For one of our
Partners, CLARE STIRZAKER, key steps to consider are as follows:
“
1. Begin to get them involved in investment decisions: Whether
investment decisions relate to the core family business or wealth
management, involving the next generation in making decisions is a
chance for close contact experience of acting on advice and engaging
with a legacy prior to succession. It is an opportunity for them to have
their voice heard in a way that shapes the legacy. Parents/Grandparents
