Just some quick advice wanted from people who have successfully handed the mantle over to the next generation.
1: Should children be put straight into the "family investments" when the leave university (business/accounting) or should they work elsewhere first
2: What should they be paid "below , market , above market, share of profits" (currently paid prorata based $52k pa during holidays etc)
3: What responsibility should they be given say handled a couple of dozen properties or a spread of all ..look at new investments etc
4:Further specific education eg degree in property management etc
5: Let them buy or sell properties ? Up to $xxx?
6: Suggest they should be able to increase he portfolio by the same % as we had achieved?
1: Should children be put straight into the "family investments" when the leave university (business/accounting) or should they work elsewhere first
2: What should they be paid "below , market , above market, share of profits" (currently paid prorata based $52k pa during holidays etc)
3: What responsibility should they be given say handled a couple of dozen properties or a spread of all ..look at new investments etc
4:Further specific education eg degree in property management etc
5: Let them buy or sell properties ? Up to $xxx?
6: Suggest they should be able to increase he portfolio by the same % as we had achieved?
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