Succession & Legacy Planning

Singapore University of Social Sciences

Succession & Legacy Planning (NPM515)

Synopsis

NPM515 Succession & Legacy Planning aims to introduce the concept of the provisions of advisory from a client/philanthropist’s perspectives. It will explore the relationship between a client family and their wealth advisors, and seek to help client families move from the wealth preservation mind-set, to the succession planning and wealth distribution stage, including planning for legacy and philanthropic objectives. The course also aims to provide an understanding of the motivation behind philanthropic giving. It will equip the students with knowledge, practical techniques and strategies to help clients achieve the long-term legacy and wealth succession objectives through the lens of wealth transfer, legacy planning and philanthropy.

Level: 5
Credit Units: 5
Presentation Pattern: EVERY JULY

Topics

Understanding the dynamics of HNWI families
Why succession planning is vital for families
Trends in legacy
Trends in succession planning
Starting the legacy and succession planning conversation
The scope and vocabulary of the legacy and succession planning
The tools for legacy and succession planning
The process of legacy and succession planning
The family offices landscape
Working with family offices
Philanthropic giving and tax planning
A global mindset for local philanthropy

Learning Outcome

Discuss the broad overview of the dynamics of wealth preservation, legacy and succession planning for high-net-worth individual (HNWI) families.
Appraise the use of trust and other structures for above planning.
Organising the framework and methodology of wealth transfer, including philanthropic giving.
Relate the concept of legacy and succession planning to HNWI families.
Design a plan to guide HNWI families in relation to the use of various types of structures and instruments for legacy planning.
Plan to guide HNWI families through a process of including philanthropic giving in their succession planning.