Senior Advocate of Nigeria (SAN) Osaro Eghobamieh has cautioned that parents who do not prepare their children for succession risk destroying the wealth they have built, according to a statement reported by Punch.
Eghobamieh warned that without proper preparation, family assets can be eroded, disputes may arise, and the intended transfer of wealth across generations can fail.
“Parents risk destroying their wealth if they fail to prepare their children for succession.”
The warning comes amid growing awareness in Nigeria that effective estate and succession planning—covering legal, financial and educational measures—is essential for preserving family fortunes over the long term.
Eghobamieh urged parents to engage heirs early, seek professional advice and put formal estate‑planning structures in place to safeguard generational wealth.
<small>Source: Punch Nigeria — read the original story there.</small>