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A staggering amount of wealth has been amassed in Asia in an astonishingly short amount of time. The fact that Asian families are now planning and institutionalizing the management of their family wealth and making arrangements for the transfer of wealth to succeeding generations should not come as a surprise to anyone.
Singapore’s solid reputation for political stability, robust regulatory framework and efficient labour force, together with its unique mix of Western and Eastern cultures, had established itself as one of the world’s financial hubs.
When it comes to setting up family offices, Singapore is a logical choice for Asian families because it has long been the financial centre of choice for Asian families for decades.
While Asian families are responsible for establishing the vast majority of family offices in Singapore, there has been a recent uptick in the number of traditional “western” families establishing their family offices in the country. By having their family offices in Singapore, they can use Singapore as a gateway for their investments in Asia.
Passionate about helping families protect their wealth for future generations, we have advised helped many clients on how best to establish and manage their family office.
We regularly advise on estate planning matters, including wills, trusts, family governance/constitution and family/shareholders’ agreements.
We think beyond obvious legal issues and come up with pragmatic solutions to challenging legal and emotional issues associated with managing, protecting and passing on your wealth.
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