wealth transfer
Coverage of wealth transfer in the Nexus archive.
- From wealth transfer to living legacy: How Asia’s founders are architecting the future
Asia is facing a significant economic shift as an estimated US$5.8 trillion in wealth is set to transfer from founding generations to successors by 2030. Complex corporate holdings and cross-border lifestyles are complicating the execution of smooth succession.
- Two-thirds of parents say their adult Gen Z kids still rely on them financially for support—even though it’s putting them under strain
64% of parents with Gen Z children (18-28) provide financial support, causing strain for 56% of parents. Support covers essentials like housing and living expenses, not luxuries, as Gen Z faces job market challenges and high costs. Parents are transferring wealth earlier to help children prepare financially, driven by a desire to avoid the 'big inheritance movement' they experienced later in life.
- Hong Kong insurers ride affluent demand to record sales as longevity and legacy needs grow
Life insurance sales in Hong Kong rose 51% in Q1 to a record HK$141.1 billion, driven by affluent customers from mainland China and overseas seeking wealth transfer, protection, and medical coverage. This marked the third consecutive year of record first-quarter sales.
- What is the ‘Widow Tax’ — and how could it reshape the great wealth transfer in the US?
The article discusses the 'Widow tax' and its potential impact on the wealth transfer in the US. It highlights Evelyn Delgado's experience of contacting her auto insurer after her husband's death, expecting a lower bill due to only one driver remaining on the policy.
- Manulife Longevity Insight Forum: Empowering Quality Living and Independent Ageing in the Longevity Era
The inaugural Manulife Longevity Insight Forum in Hong Kong brought together executives, academics, and thought leaders to discuss strategies for enabling longer lives with quality, self-reliance, and independence from family dependence. Hongkongers increasingly prioritize retirement independence over traditional wealth transfer, viewing it as a more meaningful legacy.
- The great wealth lie: Millennials are richer than you or they think
Millennials have seen a 374% surge in wealth from $3.8 trillion in 2019 to $18 trillion by 2025, surpassing Boomers and Gen X in adjusted wealth. Much of their growth stems from housing appreciation and asset investments, though intergenerational wealth transfer remains uncertain as Boomers may spend rather than pass down assets.
- Orbán associates rush to move wealth out of Hungary after election defeat
Hungary's political landscape shifted after Viktor Orbán's 16-year rule ended, prompting Fidesz-linked figures to allegedly move wealth abroad via private jets and invest assets overseas. Incoming PM Péter Magyar accused these individuals of attempting to shield their wealth from accountability.