Death is a sensitive topic in all cultures, but especially in predominantly Chinese societies. Despite this wariness, it is a topic I have broached with family members in several ways over the past year with revealing results.
Is your family or your business more important? This provocative question from co-chair Roger King pushed many next-generation attendees at last week’s Asia-Pacific Family Office Conference, hosted by Campden Wealth, to ponder family wealth taboos from near-death cancer battles to the rising role of women.
For families who wish to build a legacy for many generations to come, it is necessary—not just important—to ascertain what the desired outcomes after the “glue” of the family is no longer.
Several high profile cases in past months show why wealth succession and planning in Asia can differ markedly from Europe and North America
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