Wealth Transition

March 19, 2024by RKS Editor0

While an increasing number of wealthy families now recognize the importance of transferring their beliefs and philosophies during their wealth transition process in addition to passing on legal ownership of their assets, many are still slow in adopting an appropriate system of family governance.

In a recent interview with Asian Private Banker, Sindy Wong highlighted the importance of communication when it comes to any form of succession planning, so as to minimize any unnecessary conflicts. Sindy recommends starting out by establishing a family constitution, and more can be built on over time to enhance the whole family governance system and improving transparency among family members.

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RKS Editor

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