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Home / Expert Opinion / Money Management: Wealth transfers: How to beat the ‘Shirtsleeves to Shirtsleeves’ curse

Money Management: Wealth transfers: How to beat the ‘Shirtsleeves to Shirtsleeves’ curse

Have you heard of the “Shirtsleeves to Shirtsleeves in Three Generations” curse? This is the story where the first and second generations build family wealth and the third generation squanders it. It is often followed by the statistic that “70% of estates lose their assets and family harmony following the transition of the estate.” (Roy ...

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