Family wealth refers to the financial resources and assets that are owned collectively by a family. This can include cash, investments, real estate, and valuable possessions. Family wealth is often passed down through generations, providing financial security and opportunities for future family members. Managing family wealth involves careful planning and decision-making to ensure its growth and sustainability. Families may engage in estate planning, investment strategies, and financial education to preserve their wealth. Additionally, discussions about values and goals can help align family members on how to use their resources effectively, fostering a sense of responsibility and unity.