When you’ve spent a lifetime, or maybe even generations, carefully building something like your wealth, it’s only natural to want it to stand the test of time. That’s why for over a century now, we’ve been helping families preserve intergenerational wealth through carefully planned and executed wealth transfers. Relying on the expertise of a wealth manager is often a good idea, but there’s actually a lot you can do yourself to ensure the process is a success and as stress-free as possible.
Educate your children
Education is instrumental to a smooth wealth transfer. So if you have children, you should start speaking to them about wealth from a young age and continue that dialogue through to young adulthood, when they can start utilising wealth for themselves.
Reduce complexity
Today, more than ever, families are finding themselves spread out across various countries and even continents. This can lead to differences in values, priorities, needs, but also tax and succession laws, to name a few. It’s important to be aware of these factors when planning your wealth transfer, as they can add a significant layer of complexity to the process.
Helping you achieve your financial goals
Julius Baer’s founding family controlled our company for more than 100 years – so we’ve been helping families transfer their wealth pretty much since day one. But as a wealth manager, our expertise doesn’t stop there. If you’re curious to learn more about what we have to offer, check out the following: