Death is a sensitive topic in all cultures, but especially in predominantly Chinese societies. Despite this wariness, it is a topic I have broached with family members in several ways over the past year with revealing results.
Is your family or your business more important? This provocative question from co-chair Roger King pushed many next-generation attendees at last week’s Asia-Pacific Family Office Conference, hosted by Campden Wealth, to ponder family wealth taboos from near-death cancer battles to the rising role of women.
For families who wish to build a legacy for many generations to come, it is necessary—not just important—to ascertain what the desired outcomes after the “glue” of the family is no longer.
