Smooth transition of assets to the next generation

One lesson to be learnt is the importance of timely succession planning to prevent future disputes. — Bloomberg

FAMILY disputes due to a lack of succession planning are a real concern among South-East Asia’s super-rich.

In fact, the region’s high-net-worth (HNW) individuals appear to be more anxious about internal family strife compared with their peers in North Asia, the Middle East and Europe, according to a recent report in The Straits Times which cited the Transamerica Life Bermuda poll.