Creating a lasting legacy in the Middle East
The article addresses the transfer of wealth between generations in the Middle East and emphasizes the importance of strategic planning for intergenerational succession to ensure the sustainability of wealth and family legacy over the long term. It explains that this phase involves more than just financial and legal transfer; it also includes defining values, vision, and strategic goals through establishing clear principles, governance structures, and techniques such as trusts and legal instruments. Additionally, it underscores that early initiation, involving the next generation, and consulting specialized advisors significantly enhance families' chances of preserving their wealth and fostering a sustainable legacy, supported by the development of modern legal tools in the region to facilitate this process.
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