Succession stories

02 November 2020

8 minute read

Key takeaways:

  • Recognising the emotional forces at play in succession planning can bring new insights and be the foundation for growth
  • How Azeem learned to deal with his father’s dominance during wealth planning
  • Jan transferred the bulk of her wealth to charitable causes, while managing to keep her family on board
  • Ian found a way to use wealth to help his children live their best lives, while still retaining important family values.

How these families made wealth transfer work for them

There is no blueprint for succession planning. The business of family is personal, and there’s more to wealth transfer than simply passing on your assets. It’s a challenging experience for all involved, not just financially but also – crucially – emotionally.

“Wealth transfer has to be done on a family-by-family basis and there’s no magic bullet that will work for everyone,” says Mark Tucker, Global Head of Wealth Advisory at Barclays Private Bank. “There are common themes that run across many families and jurisdictions. They can learn a lot from each other.”

We commissioned leading intelligence agency, Savanta, to gain insight into the tensions and challenges often faced by global families when it comes to wealth and business transfer. Learn more about our research findings.

The following stories come from in-depth interviews with our clients. They show how different families are successfully navigating the process of passing on wealth and businesses to the next generation. Each story is different, but demonstrates a simple truth: by understanding the emotional and psychological issues at the heart of succession planning, these issues can be overcome.

How we can support your family with succession planning


Succession planning is an emotional and highly personal subject, particularly when a family business is involved. That’s why we provide unique, practical insights that enable you to better understand and navigate challenging family dynamics. We also surround you with a team of Wealth Advisors who have a proven track record assisting clients with their complex multi-jurisdictional needs.

The quality of our people and stability of the team is what sets us apart. Our global network of specialists have over 250 years’ combined experience across a broad range of industry practices. Our Wealth Advisors are experts in their field with extensive knowledge across multiple international markets. They work alongside your current advisors, to help protect your wealth and support your planning, structuring and investment needs. We leverage our network to connect you to partners for requirements such as legal and tax advice

Underpinned by solid foundations across banking, credit and investments, our experts are on hand to support you with a variety of interests and ambitions.


Smarter Succession

Discover our Smarter Succession content series which uncovers some of the tensions surrounding wealth and business transfer, and how to overcome them. 


Challenges and opportunities

We explore the challenges and opportunities global families face when it comes to intergenerational wealth transfer. 


Here to help

Find out how our experts can help to protect your wealth and support your succession planning, structuring and investment needs.

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