The Business Times

Foo Tian Ong

emailbtnews@sph.com.sg
Intergenerational wealth transfer, estimated at US$5.8 trillion between 2023 and 2030, has been more gradual than expected and is proving to be more of an evolution than a revolution.
WHO’S WHO IN PRIVATE BANKING

Does new wealth need a new private banking model?

The industry’s core values of having a laser-sharp focus on clients, empathy and integrity remain a steadfast constant

Legacy planning not only includes making preparations for who will run the business and pick up the baton, but with the intergenerational transfer of wealth set to top US$2.5 trillion by 2030, increasingly this planning extends to how this wealth will be distributed to future generations.

Why the wealthy in Asia should get on the front foot in legacy planning

Without clear planning, assets can fall into probate for years, leaving family members and courts to decide how to allocate assets

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