Next-Generation Planning

Preparing the next generation for wealth involves more than transferring assets. Future family members may inherit ownership, responsibilities, relationships, and decisions that require judgment, confidence, and a clear understanding of the family’s wider purpose.

L’Heritage works with families to create structured pathways that gradually introduce younger family members to wealth, governance, business ownership, philanthropy, and family responsibilities.

The objective is to support continuity without imposing a predetermined path—helping each generation understand what they may inherit, how decisions are made, and the responsibilities that accompany family wealth.

Areas of focus

• Financial and ownership education
• Family values and legacy orientation
• Governance participation
• Business ownership preparation
• Investment awareness
• Philanthropy and social responsibility
• Leadership and responsibility development

What the advisory may include

• Next-Generation Readiness Assessment — Understand individual interests, knowledge, capabilities, expectations, and future responsibilities within the family.
• Financial Literacy Programme — Build practical understanding of investments, ownership structures, trusts, companies, taxation concepts, and family balance sheets.
• Family Wealth Orientation — Introduce the history, purpose, values, assets, businesses, and structures that form the family’s wider legacy.
• Governance Participation Pathway — Develop gradual participation in family meetings, councils, boards, investment committees, or philanthropic initiatives.
• Ownership Preparation — Help younger family members understand shareholder responsibilities, distributions, voting rights, governance, and long-term stewardship.
• Mentoring & Adviser Exposure — Facilitate appropriate engagement with family advisers, investment professionals, entrepreneurs, and external specialists.
• Philanthropic Engagement — Use family philanthropy as a practical environment for learning about capital allocation, governance, accountability, and impact.
• Individual Development Planning — Create tailored pathways reflecting each family member’s interests, professional direction, and potential future role.

‍