Most generational failures are explained the same way: unprepared heirs weak governance family conflict These explanations assume the problem is behavioral. But there are cases where continuity fails even under competent, well-supported stewardship. In those cases, the problem is not the people. It is the structure of the asset itself. This is the premise behind the Generational Transfer Risk Index (GTRI). A Different Starting Point GTRI begins with a constraint: Assume the n

A Structural Framework for Capital Durability Modern finance is extraordinarily precise about pricing. It is far less precise about durability. We can model volatility, discount cash flows, measure correlation, optimize liquidity, and structure allocation with mathematical sophistication. Yet when confronted with a more fundamental question: why some capital structures endure across generations while others fragment within decades, our analytical vocabulary thins rapidly. Why