Few rich Asian families have wealth transfer plans: RBC
Of the 80 wealthy individuals surveyed in Singapore, only 19% have done so - the lowest in the six markets polled
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Singapore
FEW wealthy Asian families, especially those in Singapore, have a proper wealth transfer plan in place, and this is tied to concerns that the next generation might not have the right values to manage the wealth well, a new survey has found.
The RBC Asia Wealth Transfer Report found that only 31 per cent of high net worth families polled across Asia had established a complete wealth transfer plan.
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