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

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

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Chloe Lim

Chloe Lim

Published Fri, Jun 26, 2026 · 03:00 PM
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    • 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, especially those with expertise in foreign jurisdictions.
    • 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, especially those with expertise in foreign jurisdictions. 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

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