Samenvatting

Governance of family wealth is multifaceted in nature. In order to deepen our understanding of this topical issue, the current article offers a framework to grasp the complexity of family wealth governance. In doing so, the authors make a distinction between family wealth, socioemotional wealth, and family dynamics. The authors bridge the three distinct – yet interrelated – aspects both from a legal and psychological perspective. The framework can expand insight towards conflicts existing within families, across generations. Each component then provides challenges as well as opportunities to manage family conflict in an integrative and sustainable manner, a process which is facilitated by empathy.