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Why Should You Plan for Wealth Succession?
- 28 January 2025
- 5 MIN READ
Explore our publications - designed to inspire a new way of thinking about wealth management.
With ~USD 19.4 trillion set to be passed down globally to the next generation in the coming years, there is a growing focus on wealth transfer. Yet very few make structured plans for it. We explore why planning matters & what’s next.
Key takeaways
01
33% of wealth transfer discussions occur through informal family meetings, and only 6% of the wealth receivers are involved in planning during the lifetime of the wealth givers, as per PWC.
02
Fostering dialogues that help with smooth transition of wealth are crucial, and a trusted financial advisor must be looped in sooner rather than later.
03
This article also explains the process of wealth and succession planning and the key risks of not giving this the attention that it deserves.
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