Asia’s wealthy patriarchs skipping children to cement grandkids' fortunes
Trillions of dollars in wealth are shifting hands as Asia's founders look past their immediate heirs to secure the future of their youngest family members.
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Asia’s ultra-wealthy families are increasingly bypassing their children to move wealth directly to their grandchildren, a shift driven by a mix of family love, a grip on control, and the growing complexity of international tax compliance, according to Bank of Singapore.
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