For many wealthy families, establishing a Private Trust Company (PTC) in Singapore marks an important milestone in their wealth journey. It provides a sophisticated platform to oversee family trusts while allowing the family to retain greater involvement in the stewardship of its wealth. A well-designed PTC can deliver significant benefits, including continuity, flexibility and long-term control. However, experience has shown that even the strongest legal, tax and trust structures cannot, on...

Passing wealth to the next generation is one of the most meaningful and complex tasks a family can face. Beyond managing taxes or setting up trusts lies a deeper challenge: ensuring that your children are equipped, emotionally and intellectually, to handle wealth responsibly. True legacy planning isn’t only about preserving assets, it’s about preparing heirs to sustain purpose, values, and family unity long after the current generation is gone. Begin with a Vision of Legacy Every lasting...

Over the years, in our work with many family businesses, one question comes up repeatedly: how much should you pay your children if they work in the family business? On the surface, it seems like a simple compensation issue. In reality, it sits at the intersection of money, emotion, fairness, and succession planning. In many family businesses, the children are paid below market rates . When we ask the parents why, the answers are often along the lines of “The business will eventually belong...