Asian Wealth Solutions Forum 2019 - Exclusive Insights - Tan Woon Hum

Woon Hum Tan of Shook Lin & Bok

Nov 13, 2019

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1. How do you steer family wealth planning towards a multi-generational vision?

Video transcript

1. How do you steer family wealth planning towards a multi-generational vision?

Intrinsically, it's about the DNA and the philosophy of the patriarch/matriarch about what they want to do with the wealth, with the power, with the responsibility, and with the money, as well. So, it all ties in together; how the patriarch/matriarch wants to pass on that wealth and their decision-making pow-ers to the next generation. So it goes beyond looking after the money, to protect the money and grow the money. It actually looks beyond five years, as well. So it's actually important for the patri-arch/matriarch and the key decision makers in the next generation, and perhaps even the third genera-tion, with the advisers, to sit down together to chart it out for the next 30 to 50 years.

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