A private wealth transfer worth $30 trillion between baby
boomers and the current generation is imminent, but with ample
professional advice there is no cause for undue stress, a
Jersey-based report assures.
The recent report, Flourishing Futures: Making Succession a
Success, by Jersey Finance demystifies the challenges around
this much-talked phenomenon, with an insight into real
succession-related problems HNWs face through a series of case
studies provided by law firm Bedell Cristin. Presented as a
10-point guide for trustees, families and advisers, the report
draws from Jersey’s experience as an international finance
centre (IFC) holding over £400 billion worth of private
wealth in trusts over a 50-year period.
