How to plan wealth transfers in uncertain times
Different legal systems around the world will impose own rules on how estate can be distributed on death
Wealth Transfer
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How has coronavirus accelerated the global wealth transfer?
Advisers will have to adapt their offering to deal with the ‘physical and emotional changes’
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Four-in-10 UK beneficiaries unsatisfied with their IFA
As £327bn expected to be passed down by Britain’s wealthy in next decade
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Eight in 10 wealth firms fail at technology
Bad digital services risk driving future clients away
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Baby boomers risking their retirement
As they prioritise passing down wealth over their own financial needs
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Does blockchain have a place in wealth management?
While innovation could transform the industry, regulation may hold it back
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Rich Americans keep quiet after deciding who inherits what
Just 22% will openly share details of their estate with entire family
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Lack of advice on inheritance transfer will erode wealth
North America’s rich to pass down trillions to next gen, with Europe expecting billions to be given
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US children unlikely to choose parents’ adviser
Financial services professionals need to start early – before money is inherited
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Wealth transfer plans not high on the agenda for Brits
Quilter research shows it is something rarely being discussed or planned
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Lack of financial advice causing legal headaches
Bad IHT planning can lead to unnecessary tax charges, family disputes and legal costs
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Gulf clients are ‘poorly prepared’ for wealth transfer
Report finds only 6% of respondents believe family businesses will make it to the third generation