Family Wealth Succession

Life is full of risks and uncertainties.  Business families and wealthy families in the Greater China Region are exposed to numerous risks, including risk arising from political changes, risk arising from business operation, risk arising from the mix-up of personal assets and company assets, risk arising from nominees, risk arising from investment, risk arising from divorce, risk arising from personal health, risk arising from family members disputes, risk arising from the quality and quantity of family members, risk arising from the mix-up of business issues and family issues, tax risk and legal risk.

 

Risk management is fundamental to wealth succession.  Various risk management tools in the areas of asset protection, asset allocation, ownership structure, and tax planning should be used to establish a comprehensive and effective risk management mechanism so as to the protect family wealth and pass the same to the next generation in an orderly manner.