Effective communication between generations is essential for family business longevity and succession, and it’s never too late for families to start, says Ron LaVelle, a trusted adviser to ultra-wealthy families in the Bay area at Seiler LLP. LaVelle tells CampdenFB how families can get the basics right, from professionalising the family business and setting up the family office, to hiring and keeping the right people. On the family governance front, we’re seeing a move toward increased communication throughout the family ecosystem. This is enabling the families to be better informed and create a deeper dialogue across the generations.