Latest news with #wealthyfamilies
Washington Post
a day ago
- Business
- Washington Post
Can $1,000 at birth change a child's future? A Republican proposal aims to find out
WASHINGTON — When children of wealthy families reach adulthood, they often benefit from the largesse of parents in the form of a trust fund. It's another way they get a leg up on less affluent peers, who may receive nothing at all — or even be expected to support their families.
Wall Street Journal
21-05-2025
- Business
- Wall Street Journal
Succession Planning Among the Super Wealthy Ticks Up
The percentage of super wealthy families globally that has a will or estate plan in place inched up to 53% this year from 47% a year earlier, a new UBS survey of its family office clients shows, as a decadeslong transfer of wealth from older generations to their heirs picks up steam. The increase is small but notable given the difficulties often associated with succession planning for the wealthy. Advisers to the wealthy say devising a wealth-transfer plan can require people to take stock of their mortality, develop a sense of the legacy they want to leave behind and also have a good understanding of the capabilities of any heirs.
