With Asia overtaking Europe as the second-most wealthy region in the world, the pressure is on global private client practices to follow the money. Legal Business assesses the front runners.
Whenever money changes hands, disputes follow. Between now and 2025, predictions are that 90% of the world’s private wealth will have new owners. An awful lot of money is on the move and, in large part, that cash is set to transfer down the family line of ultra-high-net-worth individuals (UHNWI) – those with more than $30m in assets – typically from patriarchs to their offspring. Along with all this wealth will come the inevitable trust disputes.
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