Wealth disappears in less than 3 generations.

I met with a 3rd generation of this family who came to Singapore many years ago. The family had multiple properties, buildings and shophouses all over Singapore. The family background was in a profitable business. The properties they had were situated at very prime areas near Orchard, Oxley, Raffles Place and Tanjong Pagar areas. If held till today, the wealth could easily be in hundreds of millions.

But today, most of it is gone after the passing of 2 generations. The business has closed and it is left with one condo which the family has worked hard to purchase on their own. Doesn’t this story sound familiar and I am very sure you personally know someone who had gone down this path.

You have built up a good business and have a certain amount of wealth. You are very aware that wealth does not go past 3 generations.

There are many scenarios where wealth may take a turn to the wrong entities or persons.

Designing a trust for legacy planning is critical and it does not cost very much unlike what most people perceive it to be. It only takes one to be open to face the difficult decisions ahead.

If you know someone who 
1) has a freehold landed property,
2) has at least a million in investible assets,
3) is running a successful profitable company.

They should start to have an open conversation about what happens next.

Speak with us who can ensure that wealth continues over more than 3 generations.