Across Asia, the conversation around intergenerational wealth planning is growing louder. And rightly so — by 2030, an estimated US$6.1 trillion will change hands between generations. This is not only a historic wealth transfer; it’s a pivotal moment for families looking to preserve, protect and purposefully pass on their legacies.
At TrustQore, we see an increasing number of families taking a more structured approach to succession and governance — and trusts are at the heart of it. Far more versatile than wills, trusts provide continuity, control and clarity across borders and generations.
Why families turn to trusts
Trusts do more than transfer wealth — they safeguard it. Assets can be ring-fenced against creditors and disputes, while long-term investment strategies ensure capital continues to grow for future generations. They allow families to set out clear terms for how and when wealth is distributed — whether it’s funding education, encouraging entrepreneurship or supporting philanthropy.
Beyond structure: preserving harmony and purpose
A well-crafted trust provides peace of mind. It ensures a settlor’s wishes are respected and removes emotional pressure from family members by placing decisions in the hands of a professional trustee. This not only protects relationships but helps ensure that wealth remains a unifying force, not a divisive one.
Trusts can also reflect a family’s values — embedding education, responsibility and giving into the very framework of their wealth. In Asia, where family harmony and legacy carry deep cultural importance, this alignment of values and structure is key.
The bigger picture
With family offices multiplying across Hong Kong and Singapore, and regulatory frameworks such as Singapore’s Philanthropy Tax Incentive Scheme encouraging giving, the region is fast becoming a global centre for trust and legacy planning.
As Asia now represents nearly 40% of global wealth, the importance of thoughtful, cross-border succession planning cannot be overstated.
At TrustQore, we help families and entrepreneurs create enduring structures that preserve wealth — and values — for generations to come.