The transfer of wealth to the next generation is a critical
issue. The next two years are expected to see the largest transfer
of wealth from 'Baby Boomers' (those born between 1944 and
1964) to the younger generations. One of the biggest question is
whether the inheriting generations and beneficiaries are in a
position to handle whatever is passed down to them, and what are
the best structures in order to achieve this?
It is not surprising that the US has the largest amount of UHNW
wealth (US$16 trillion). The next "top hot spot"
countries are: Germany (US$1.645 trillion), Japan (US$1.645
trillion), the UK (US$830 billion) and Brazil (US$560 billion).
Since the breakout of Covid-19, more individuals are now
reviewing their estate and putting practical measures in place
regarding succession planning. Although not a catalyst for
encouraging individuals to review their affairs, Covid-19 has
certainly reinforced the importance of it. The last year has
provided a
