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Asia's Wealthy Families Struggle With Succession Planning Despite Preservation Goals

A significant gap exists between intent and action among Asia-Pacific's high-net-worth individuals. While 64.2% prioritize multigenerational wealth preservation, only 9% maintain formal succession plans. Survey data from over 390 individuals with at least $1 million in net investable assets revealed 39.4% have no succession planning whatsoever. Japan, the Philippines, Malaysia and Hong Kong face particularly acute preparedness challenges, with roughly half of respondents in those markets lacking plans or considering them irrelevant. Weak governance frameworks and limited intergenerational communication compound vulnerability to wealth erosion. The findings highlight critical timing as first-generation entrepreneurs across the region prepare major business and asset transfers to successors. Industry observers warn that absent structured planning mechanisms, substantial fortunes risk dissipating within years.