Cementing family values is so important in family succession. Family culture is a key element of family values, which also include core values, ideas and life wisdom. These family values should be presented through family motto, history, logo, books, etc. Family values can be formalized into the family constitution, which will become an essential part of family succession planning and family governance implementation. It would help family members build trust and foster family ties. In reality, not too many families have succession plans yet.
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