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ARTICLE · 02 NOVEMBER 2026

Transitioning Wealth In Changing World: Why Communication Matters More Than Ever

The nature of succession planning has transformed dramatically as technology-driven wealth creation enables entrepreneurs to achieve liquidity earlier in their careers, fundamentally altering how high-net-worth families approach legacy and intergenerational wealth transfer. With an estimated $124 trillion set to transfer between generations in the United States before 2050, families increasingly inherit diversified asset portfolios rather than family businesses, creating new challenges around communication,

GuernseyWealth Management

The nature of succession planning has altered exponentially in the past 20 years, as changing patterns of wealth creation and values surrounding legacy are reshaping the transfer of wealth to the next generation. 

Catherine Grum, Founder of Catherine Grum Consultancy Ltd., joined us on the Guernsey Finance Podcast to speak on the difference in approach to managing wealth that she has noted in her work with today’s high-net-worth individuals. Speaking with host Brandon Ashplant, she cited the growth of technology-driven sectors as a catalyst for the rise in entrepreneurs achieving liquidity earlier in their careers, expediting their engagement with wealth management and succession planning. 

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