HNWIs and their succession plans

While a wealth transfer strategy describes the mechanisms for passing on assets, a succession plan denotes the emotional dynamics of inheritance planning too. In short, wealth transfer is about the ‘what’ and ‘how’ of passing on assets and succession planning adds in the ‘who’ and ‘why’.

In this day and age, where variability in life’s occurrences is unprecedented, all generations of wealthy individuals find it equally necessary to be prepared. Around half of investors in each age bracket have a succession plan.

But worryingly, this means that roughly 50% of Europe’s HNWIs have not prepared the next generation about receiving wealth.

Interested in learning more?

Click through to our SlideShare for more information on the ways in which life assurance can be used as a wealth transfer mechanism.