The Business Times
business-time-50

How high-net-worth individuals in Asia are doing legacy planning

Asset types used include jumbo life insurance, property, alternative assets, stocks and bonds

Summarise
Chloe Lim

Chloe Lim

Published Fri, Jun 26, 2026 · 03:00 PM
阅读简体中文版 (beta)
    • Clients with cross-border assets not covered by a single will or legacy plan fixed in one country will need regular discussions with their tax accountants and lawyers.
    • Clients with cross-border assets not covered by a single will or legacy plan fixed in one country will need regular discussions with their tax accountants and lawyers. PHOTO: PIXABAY

    [SINGAPORE] Legacy planning for many high-net-worth individuals (HNWIs) in the Asia-Pacific is set to be a growth area.

    A study by private bank Lombard Odier has found that 42.4 per cent of the wealthy in the region do not have any formal or informal family governance structures in place.

    However, legacy planning is a complex affair. Respondents to the survey cited varying goals – maintaining family unity and shared values (53 per cent); minimising legal and tax complexity (35 per cent); and supporting next-generation entrepreneurship and independence (41 per cent).

    Legacy PlanningHigh net worth individualsAsia-Pacific

    TRENDING NOW

    From shy teenager to outspoken philanthropist, Chloe Tong has come a long way.

    Grab CEO’s wife Chloe Tong on life with Anthony Tan and finding her purpose

    HDB said the listed price of S$2.18 million for the flat at 93B Telok Blangah Street 31 was “significantly higher” than comparable transactions in the area.

    HDB reviewing ‘jumbo’ flat scheme after Telok Blangah unit listed for sale at S$2.18m

    From left: Pham Nhat Quan Anh, Pham Nhat Vuong, Pham Thu Huong and Pham Nhat Minh Hoang. The couple (centre) remain senior figures in Vingroup, with their children’s presence in the ecosystem growing.

    He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons

    The judge also rejected Radiant World’s argument that a claim against Glencore for about US$2 billion should be regarded as a “realisable asset”.

    Singapore judge raises doubts iron ore trader Radiant World is owed US$1 billion

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More