91% of advisers concerned about losing assets in Great Wealth Transfer
With over half saying they would expect to retain services for a minority of clients’ dependents
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With over half saying they would expect to retain services for a minority of clients’ dependents
Funds may be used instead to pay for social care costs
Next-gen clients being ignored as IFAs focus on older, wealthier investors
Inadequate strategies ‘can be costly and could lead to unresolved family conflict’
But just 3% talked to a financial adviser about their succession plans
‘They should contact family members of clients who might value support after a major inheritance’
Region has long struggled with the concept of estate and succession planning
To help UHNWs across the Middle East with succession planning
How to limit IHT liabilities and gift money main areas of focus for clients
Recognising complexities and educating the next generation help HNWs solve disputes
Advisers need to be ‘open to evolving’ and ‘prepared for changes to their business models’
‘There is no one-size-fits-all approach to how you divide up’ assets