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How private trusts can be used for effective succession planning

How private trusts can be used for effective succession planning

07 November, 2022
Private Clients Trust Services Succession Planning

How can private trusts be used for effective succession planning?

Many people are concerned with asset protection and family governance as well as what will happen to their wealth after they have died. Passing on significant wealth in a considered manner is a critical part of any family's financial strategy.

Trusts, companies, and foundations can be effective vehicles to achieve private wealth management and succession planning objectives. By transferring your assets to a trust for the benefit of chosen beneficiaries or to a company or a foundation under the guidance of a trusted family council, you put in place a structure that can be used to make sure your family is looked after long after you are gone.

To ensure the smooth transfer of your financial estate, you need dedicated succession planning services to help you protect your assets while preserving financial confidentiality.

Video: Private trust companies and the complexities of succession planning

In the panel discussion below Nick Cawley, Ada Ling, Michael Betley and Amy Collins discuss the complexities of succession planning - especially private trusts.


Ocorian succession planning services

Ocorian's private client service is built on long-term personal relationships that are founded on a deep understanding of what matters to you both now and in the future. This understanding is replicated in our client base, where we deal with the second and third generations of many of our client families. We have won multiple awards in trust formation and management and have protected and planned for our clients' needs and wealth for over 50 years.

Find out more about our succession planning services.