Drawing Back The 70% Failure Rate
70% of intergenerational capital transfers become unsuccessful based on a research directed on more than 3,250 households who transported fortunes. Specifically, inherited fortune is degenerated by the inheritors at this strikingly great rate. According to Roy Williams of The Williams Group and his partner Vic Preisser, their study specifies that wealth time and again turns out to be a cause of conflict and disagreement among members of the household. These professional experts examined the occurrence of considerable wealth handover by households in a span of 20 years, comparing effective transferring households with failed ones. They have known the main reasons of the failures and discovered that the main cause was that no post-changeover preparation was working on.
Excerpt:
“70% of intergenerational wealth transfers fail, according to research conducted on over 3,250 families who transferred wealth.”
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