By Ilias Georgopoulos, Global Head of Private and Institutional Asset Owners
As the Great Wealth Transfer progresses, many families are turning to trusts and foundations as time-tested vehicles for wealth preservation and transfer. We’ve therefore created a new guide offering detailed insight on these structures and their role in succession planning.
The Great Wealth Transfer, forecasted by Cerulli, will see trillions of dollars transferred from Baby Boomers to their heirs over the next two decades. While many families will have taken steps to ensure that their financial affairs are in order, they may have found that traditional tools such as wills and power of attorneys have their limitations, especially for families with complex, multi-jurisdictional holdings.
Given the complexity of the landscape, an increasing number of families are turning to trusts and foundations. These time-tested structures – which have evolved over the last few centuries to address the specific needs of those seeking to preserve or transfer wealth – not only provide peace of mind but are highly adaptable and therefore well suited to today’s rapidly changing, inter-connected world.
Our new succession planning guide is packed full of relevant information on trusts and foundations, including everything our clients might need to know about the structuring options available in key jurisdictions worldwide. Click below to read and download:
We hope you find this guide useful and would welcome any questions you may have.
To find out more about IQ-EQ’s comprehensive support for family offices and to contact our expert team, please click here.
