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Middle East Wealth Management Forum 2020 - Exclusive Insights - Oliver Muggli - 2

Oliver Muggli of 1291 Group

Jan 31, 2020

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1. How can you get succession planning right?

Video transcript

1. How can you get succession planning right?

How to get succession planning right depends very much on the individual situation of every family. There are more complex situations and some less difficult situations. So I think it's very important to assess the situation of each family and to understand more about their needs, their expectations, their family set up, the internal relationships. I think succession planning should involve all family members with their needs and requirements, and hence communication is very important. So, create first a platform where the family can exchange and give their input to have a good understanding of really what the family's all about, and (what) the family's plans are, and then structure the wealth around it to come up with a succession plan that really works for this specific situation.

 

 
 
 
 

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