family wealth
Family wealth refers to the financial resources and assets that a family accumulates over time. 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 seek the help of financial advisors or estate planners to create strategies for investments, taxes, and inheritance. This planning helps preserve wealth and can support education, business ventures, and charitable giving within the family.