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In The Money
Legacy planning dos and don’ts: 10 tips on how to leave money to younger generation
This regular column addresses readers’ investing issues.
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Having an Lasting Power of Attorney and a will helps provide a seamless transition of decision-making authority and asset management and protects your family’s interests.
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Boston Consulting Group’s 2023 Global Wealth Report estimates that personal financial assets in Asia (excluding Japan) will rise by an average of 7.8 per cent annually over the next five years, well above the 5.3 per cent global average.
With more wealth on hand, legacy planning becomes more important. Here are 10 things to think about:
