Timely grooming of family members, both in the core business skills and the ability to deal with investments will take center stage. The current generation will need period coaching on business as well as interpersonal skills to deal with the styles and aspirations of the next generation. Families will see more participation, particularly from women, who have historically been passive observers and homemakers. All this will be achieved with strategic succession planning and its effective implementation, which mature families will undertake, encompassing the importance of adaptability, and progressive thinking, all while upholding family values and a commitment to family legacy.