
Intergenerational wealth planning and legacy transfer
You have worked hard to build what you have today. It is only natural that you want to establish and nurture a legacy that will last for years or generations after you have gone. With proper legacy planning, you can better secure and pass your assets and wealth to your loved ones and family in an unfortunate event.
Protecting your estate for the benefit of those closest to you often involves complex decisions and solutions. We provide specialist advice on all aspects of estate planning.

Growing importance of legacy planning
Our world today increasingly crosses borders because of reasons such as employment, investment planning, and cross-border marriages. This can come with greater complexities in managing and distributing your wealth – multiple tax jurisdictions, international property ownership, and different cultural influences.
Furthermore, living a 100-year life is no longer an outcome one would consider a mere possibility. The expectation of a long life is creating anxiety, with some key concerns including the rising costs of healthcare and the ability to maintain your lifestyle in retirement. These can translate to less wealth to pass on to beneficiaries.
Transference of personal values
The transference of personal values or beliefs – be it hard work, a desire to give back, or passion – can be as important as the transfer of wealth to future generations.
Negative impact of inherited wealth
Will your children be good custodians of wealth, or spend it recklessly? Responsible succession planning also means thinking about the impact that inherited wealth will have on the lives of the recipients.
Alleviates stress
Addresses concerns associated with physical changes and emotional concerns. Wealth can lead to family conflicts, unintended beneficiaries, and closing of businesses.
Risk of mental incapacity
If a person suffers from mental incapacity, the will does not apply. In such an instance, your bank accounts cannot be accessed until a court order is obtained.
Wealth transfer in Asia
Source: St. James’s Place Asia Retirement and Wealth Planning Survey, 2020, undertaken by Sandpiper Communications, 2,064 respondents
Your first step to leaving a legacy
Your Partner will work with you to understand your personal wishes and will support your family every step of the way.
The Private Client team, working with your Partner, can help you select and establish the right planning to protect and pass wealth on tax-efficiently from your estate. Should you wish to pass on your wealth while you still have the opportunity to see others benefit from it, we can provide expert advice on how wealth can be transferred to family members, or charitable causes, during your lifetime, while minimising potential tax liabilities.
The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax relief depends on individual circumstances. You are advised to seek independent tax advice from suitably qualified professionals before making any decision as to the tax implications of any investment.