Australia is in the middle of one of the biggest intergenerational wealth transfers in history, with trillions of dollars expected to pass between generations over the next decade. But many families focus too heavily on tax, and not enough on governance, communication and purpose.

Sean Aylmer speaks with Kajal Prasad, Head of Family Advisory at LGT Wealth Management about why successful succession planning starts with family values, not finances, and why many wealthy families struggle to bring the next generation into decision-making.

LGT Wealth Management is a supporter of Fear & Greed

Australia is in the middle of one of the biggest intergenerational wealth transfers in history, with trillions of dollars expected to pass between generations over the next decade. But many families focus too heavily on tax, and not enough on governance, communication and purpose. Sean Aylmer speaks with Kajal Prasad, Head of Family Advisory at LGT Wealth Management&nbsp;about why successful succession planning starts with family values, not finances, and why many wealthy families struggle to bring the next generation into decision-making. LGT Wealth Management is a supporter of Fear &amp; Greed

Business news you can use. A daily business news podcast with journalists Sean Aylmer and Michael Thompson. Find out more at https://fearandgreed.com.au

Business news you can use. A daily business news podcast with journalists <a href="https://www.linkedin.com/in/sean-aylmer-9922068/" data-saferedirecturl="https://www.google.com/url?q=https://www.linkedin.com/in/sean-aylmer-9922068/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw0wu3ezGEfBZFYspJbTTaYL">Sean Aylmer</a>&nbsp;and&nbsp;<a href="https://www.linkedin.com/in/mcwthompson/" data-saferedirecturl="https://www.google.com/url?q=https://www.linkedin.com/in/mcwthompson/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw08pZ8jZ88rHJgCfbHkTr5k">Michael Thompson</a>.&nbsp;Find out more at&nbsp;<a href="https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain=fearandgreed.com.au/" data-saferedirecturl="https://www.google.com/url?q=https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain%3Dfearandgreed.com.au/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw1DLq_FuqjEt3HC-ZK1704H">https://fearandgreed.com.au</a>

Fear and Greed is Australia's most popular business podcast.

FEAR & GREED | Business News

Daily business news for people who make their own decisions, with business journalist Sean Aylmer and Michael Thompson. Find out more at https://fearandgreed.com.au

Daily business news for people who make their own decisions, with business journalist <a href="https://www.linkedin.com/in/sean-aylmer-9922068/">Sean Aylmer</a> and <a href="https://www.linkedin.com/in/mcwthompson/">Michael Thompson</a>. Find out more at <a href="https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain=fearandgreed.com.au/">https://fearandgreed.com.au</a>

Q+A: The great wealth transfer: what wealthy families get wrong

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/6f1ae1a5-5ec9-40f2-ba69-b45500bbcfe4/transcript