succession-planning-keeping-it-in-the-family

Succession planning: Keeping it in the family

Agnes Au-Yeung, head of family office services and family wealth advisory at HSBC Private Bank, talks about succession planning in Asia.
When people think about succession planning, they usually think about setting up trusts. But a trust may not be they way to achieve the underlying objective of the client. What other options are there

Agnes Au-Yeung I look at succession planning where there is a family business as a two-fold process ownership transfer and management or leadership transition. Families need trusts for ownership transfer planning, but trusts, depending on the type and structure, may not achieve business succession planning for families. When the only tool you have is a hammer, everything looks like a nail. A trust is one solution. A trust alone is also often not the entire solution. It needs to be supported...
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