Family wealth encompasses more than just financial resources.

The family

The financial landscape is evolving, with women in the United States now controlling over a third of household financial assets, valued at more than $10 trillion. This shift is expected to lead to a substantial transfer of wealth over the next decade, presenting a $30 trillion opportunity by the end of the decade. However, for women in South Africa, proactive family governance structures are needed as families are unprepared for the upcoming transfers. Women will need access to information and wisdom for wealth and legacy protection to manage this shift effectively. Effective multi-generational planning, asset protection, and robust family governance are essential to address the anticipated trillion-dollar wealth transfers. This shift also emphasizes the global need for superior guidance and services in the family office environment. Without careful planning, there is a risk of wealth loss during the transitional period, highlighting the importance of proactive planning and family office support.