Family Inheritance

Family succession planning is an important responsibility of the Family Office, designed to ensure that wealth is passed on smoothly to future generations and to meet the long-term family vision.

01

Establishment of a family trust

02

Tax planning

Trust structure: A trust is a common family succession tool used to ensure that wealth is distributed according to the family's wishes. Trusts can be designed to pass down generations and effectively protect assets from liabilities or legal risks.
Trustees and trustees: It is essential to select trusted and competent trustees to manage and distribute trust assets, which may include professional trust companies or family members.

Estate tax and gift tax: Estate tax and gift tax policies vary in different countries and regions, and family succession planning should include adequate tax planning to minimize tax burdens. Setting up a family trust or making a gift of assets when appropriate can effectively reduce tax risk.
Cross-border tax considerations: When family members are spread across different countries, cross-border tax planning is crucial. Family offices need to be familiar with tax laws in multiple countries to avoid double taxation or excessive tax burdens.

03

Asset allocation and governance framework

Asset distribution Plan: Establish a clear asset distribution plan to ensure that each family member clearly understands his or her share of the family wealth and inheritance rights. This helps to reduce disputes and preserve family harmony.
Governance structure: Establish a family governance structure to ensure the effective management of wealth. Family members can set up a family committee or board of directors to participate in important financial decisions and ensure that family members are involved together.

04

Family Charter and heritage of values

Family Charter: A family charter sets out the family's core values, heritage vision, and asset management principles. It is a non-legal document designed to maintain family values and unity for generations to come.
Education and inheritance: Ensure that future generations understand the history and management responsibilities of family wealth, and provide them with the necessary financial knowledge and skills to help them responsibly take on future management responsibilities.

05

Asset diversification and preservation

06

Charity and social responsibility

Long-term investment strategy: Through reasonable asset allocation and diversified investment strategies, to ensure the long-term stable appreciation of family wealth. This includes equity investments, real estate, fixed income products and other alternative assets (such as private equity and hedge funds).
Insurance instruments: Life insurance, estate insurance and other instruments can be used as part of succession planning to provide additional sources of funds for family members and help mitigate financial risks.

If the family has a charitable vision, it can set up a charitable fund or charitable trust in the family succession plan, which not only helps to reduce the tax burden, but also reflects the family's social responsibility and values.

07

The family business

Business succession Plan: If the family owns the business, it is necessary to develop a business succession plan that specifies the selection of successors, the management structure of the business and the allocation of equity.
Professional manager involvement: Where necessary, professional managers can be brought in to assist in the management of the family business and ensure that the business can maintain stability and growth during the succession process.

The core of family succession planning is to ensure that wealth can continue to increase in value and be passed on
effectively in the future, while also focusing on the harmony and common interests of family members.
You can make individual adjustments according to the specific situation, so that the family succession plan can meet
the legal norms and meet the long-term goals of the family.

SilkyWater Asset Management Limited

Family Inheritance

Family succession planning is an important responsibility of the Family Office, designed to ensure that wealth is passed on smoothly to future generations and to meet the long-term family vision.

01

Establishment of a family trust

02

Tax planning

Trust structure: A trust is a common family succession tool used to ensure that wealth is distributed according to the family's wishes. Trusts can be designed to pass down generations and effectively protect assets from liabilities or legal risks.

Trustees and trustees: It is essential to select trusted and competent trustees to manage and distribute trust assets, which may include professional trust companies or family members.

Estate tax and gift tax: Estate tax and gift tax policies vary in different countries and regions, and family succession planning should include adequate tax planning to minimize tax burdens. Setting up a family trust or making a gift of assets when appropriate can effectively reduce tax risk.

Cross-border tax considerations: When family members are spread across different countries, cross-border tax planning is crucial. Family offices need to be familiar with tax laws in multiple countries to avoid double taxation or excessive tax burdens.

03

Asset allocation and governance framework

Asset distribution Plan: Establish a clear asset distribution plan to ensure that each family member clearly understands his or her share of the family wealth and inheritance rights. This helps to reduce disputes and preserve family harmony.

Governance structure: Establish a family governance structure to ensure the effective management of wealth. Family members can set up a family committee or board of directors to participate in important financial decisions and ensure that family members are involved together.

04

Family Charter and heritage of values

Family Charter: A family charter sets out the family's core values, heritage vision, and asset management principles. It is a non-legal document designed to maintain family values and unity for generations to come.

Education and inheritance: Ensure that future generations understand the history and management responsibilities of family wealth, and provide them with the necessary financial knowledge and skills to help them responsibly take on future management responsibilities.

05

Asset diversification and preservation

06

Charity and social responsibility

Insurance instruments: Life insurance, estate insurance and other instruments can be used as part of succession planning to provide additional sources of funds for family members and help mitigate financial risks.

If the family has a charitable vision, it can set up a charitable fund or charitable trust in the family succession plan, which not only helps to reduce the tax burden, but also reflects the family's social responsibility and values.

07

The family business

Business succession Plan: If the family owns the business, it is necessary to develop a business succession plan that specifies the selection of successors, the management structure of the business and the allocation of equity.

Professional manager involvement: Where necessary, professional managers can be brought in to assist in the management of the family business and ensure that the business can maintain stability and growth during the succession process.

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SilkyWater Asset Management Limited

​Family Inheritance

Family succession planning is an important responsibility of the Family Office, designed to ensure that wealth is passed on smoothly to future generations and to meet the long-term family vision.

01

Establishment of a family trust

02

Tax planning

Trust structure: A trust is a common family succession tool used to ensure that wealth is distributed according to the family's wishes. Trusts can be designed to pass down generations and effectively protect assets from liabilities or legal risks.

Trustees and trustees: It is essential to select trusted and competent trustees to manage and distribute trust assets, which may include professional trust companies or family members.

Estate tax and gift tax: Estate tax and gift tax policies vary in different countries and regions, and family succession planning should include adequate tax planning to minimize tax burdens. Setting up a family trust or making a gift of assets when appropriate can effectively reduce tax risk.

Cross-border tax considerations: When family members are spread across different countries, cross-border tax planning is crucial. Family offices need to be familiar with tax laws in multiple countries to avoid double taxation or excessive tax burdens.

03

Asset allocation and governance framework

Asset distribution Plan: Establish a clear asset distribution plan to ensure that each family member clearly understands his or her share of the family wealth and inheritance rights. This helps to reduce disputes and preserve family harmony.

Governance structure: Establish a family governance structure to ensure the effective management of wealth. Family members can set up a family committee or board of directors to participate in important financial decisions and ensure that family members are involved together.

04

Family Charter and heritage of values

Family Charter: A family charter sets out the family's core values, heritage vision, and asset management principles. It is a non-legal document designed to maintain family values and unity for generations to come.

Education and inheritance: Ensure that future generations understand the history and management responsibilities of family wealth, and provide them with the necessary financial knowledge and skills to help them responsibly take on future management responsibilities.

05

Asset diversification and preservation

06

Charity and social responsibility

Insurance instruments: Life insurance, estate insurance and other instruments can be used as part of succession planning to provide additional sources of funds for family members and help mitigate financial risks.

If the family has a charitable vision, it can set up a charitable fund or charitable trust in the family succession plan, which not only helps to reduce the tax burden, but also reflects the family's social responsibility and values.

07

The family business

Business succession Plan: If the family owns the business, it is necessary to develop a business succession plan that specifies the selection of successors, the management structure of the business and the allocation of equity.

Professional manager involvement: Where necessary, professional managers can be brought in to assist in the management of the family business and ensure that the business can maintain stability and growth during the succession process.

Family Inheritance