current
Intergenerational Wealth Transfer
Wealthy families globally prioritize intergenerational wealth transfer and succession planning, driven by a desire to preserve family legacies and navigate complex global dynamics.
Timeframe
near-term
Categories
Impact areas
Detailed Analysis
The 2024 Family Barometer reveals a significant focus on intergenerational wealth transfer and succession planning among wealthy families across all regions. This trend is driven by the desire to ensure a smooth transition of wealth and leadership to the next generation, safeguarding family legacies and businesses. The increasing amount of wealth to be transferred, coupled with the international nature of affluent families, necessitates coherent plans to address cross-jurisdictional challenges. As the report states, "Intergenerational wealth transfer and succession planning has moved up from second place to emerge as this year’s top family-related topic across every single region."
Context Signals
USD 19.4 trillion projected intergenerational wealth transfer
Increased internationalization of affluent families
Emphasis on succession planning in family businesses
Edge
Demand for specialized cross-border wealth transfer solutions will increase.
Tech-enabled platforms for wealth education and communication within families will emerge.
New governance models for multi-generational wealth management will be developed.
