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Five steps to pass on wealth without blowing up your family

Five steps to pass on wealth without blowing up your family

These strategies can help to create a successful transition that secures wealth, values and legacy.

Graham Ragg is meticulously planning for the third generation of his Sydney family to maintain its wealth and take over the running of the infrastructure company created by his father more than 65 years ago.

Graham, his wife Diane and four sons hold meetings four times a year with a select group of legal and financial advisers to plot every stage of Western Earthmoving’s generational leadership transition and business plans for NSW’s largest family-owned civil contractor.

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Duncan Hughes
Duncan HughesReporterDuncan Hughes is a Walkley award-winning personal finance reporter, based in our Melbourne newsroom. Connect with Duncan on Twitter. Email Duncan at duhughes@afr.com.au

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Original URL: https://www.afr.com/link/follow-20180101-p5da9u