The super rich in Southeast Asia are more worried that a lack of succession planning could lead to family disputes than those who are well-heeled in other regions, according to life insurer Transamerica Life Bermuda.
129 high net worth (HNW) advisers say that 41% their clients in the region are most worried about family disputes, the recent report reveals.
This is much higher than the 27% in North Asia, the Middle East, and Europe.
Other concerns that the HNW individuals have are tax implications and delayed or inefficient asset distribution.
Family offices top the list among those polled in the succession and estate planning survey, accounting for a third of them. They are followed by wealth managers, private bankers, insurance brokers and others.
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