Private Wealth Services
Your values, goals and priorities; our focus.
As the head of a business family, you may be experiencing increasing challenges in your journey of value creation and wealth preservation amid the ever-evolving business landscape. Having a dedicated advisor to help you and your family sustain the success of your business empire ensures your legacy is passed on through generations to come.
At Deloitte, we are committed to building a long-lasting and trusted relationship with you – be it via conversations on complex family issues, wealth preservation strategies or face-to-face discussions on family business succession planning.
We strive to understand your situation, your aspirations and the people you care about to ensure a sustainable future for your business.
Wealth succession advisory
As first generation wealth owners begin to retire, we are witnessing massive wealth transfer to the next generation. Deloitte private wealth advisors can assist you in planning your wealth and family business succession through the use of onshore and/or offshore private wealth vehicles such as trusts and foundations, to mitigate risk of family wealth depletion through fragmentation of control, erosion of business value due to internal rivalry, matrimonial claims, overspending, debts and taxes.
Family dynamics advisory
Preservation of family harmony is crucial in the success of any wealth succession plan. Our advisors can help you draw up a family constitution documenting the family values to be passed down through generations. When the family’s values, rules and aspirations are aligned and abided by, unity is achieved and the wealth succession plan can be implemented smoothly for the generations to come.
It is imperative to consider the tax implications when planning for wealth succession. Deloitte’s comprehensive range of tax advisory services ranging from private company tax planning to cross-border estate tax planning can help you and your family ensure tax obligations are fulfilled in an optimal manner. Within our global network, Deloitte member firms in other tax jurisdictions are able to provide local tax advice to family members residing abroad.
Family office services
Our team can assist you in designing and setting up a family office to serve you and your family and tailor the services to suit your needs. The legal structure of a family office may take the form of a company where staff are employed to provide concierge-type service for the family. Professionals with different areas of expertise are engaged to service the family.
Leaving behind a philanthropic legacy is a meaningful long-term initiative for your family to contribute back to the society. Our team is ready to assist you in establishing a charitable structure such as a trust or foundation. Be it an onshore or offshore legal structure, we can advise you in choosing the right tax-efficient structure, including application for tax-exempt status where available.