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Making family wealth last

Singapore lags its peers, with only 58% of families here having succession plans.

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PASSING IT ON: Affluent families here are aiming to perfect their succession plans and navigate the intricacies of business and cultural demands.

ASEAN is witnessing a rapid wealth boom with most of this affluence held by traditional Asian family-owned businesses. Private financial wealth in the Asia-Pacific region (excluding Japan) overtook Europe's last year as China minted a million new millionaires, according to a study by The Boston