Economy
Siam Commercial Bank offers a new framework to secure family wealth for the future
InfoQuest
Key Points
- SCB Wealth has launched a new framework to facilitate intergenerational wealth transfer.
- The "Family Wealth & Legacy Framework" aims to reduce the risk of potential intra-family disputes.
- The bank official stated that proper structuring of family assets is critical for wealth sustainability.
Niti Nuengjamnong, Head of Wealth Planning and Family Office at Siam Commercial Bank (SCB), emphasized that structuring family assets is of great importance in the transfer of wealth across generations.
SCB Wealth introduced a new service called the "Family Wealth & Legacy Framework" to reduce the risk of family disputes and ensure the sustainability of wealth.
The main purpose of this new framework is to help clients protect their wealth and transfer it seamlessly to future generations.
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Frequently Asked Questions
- What is the "Family Wealth & Legacy Framework"?
- It is a new wealth management framework offered by SCB Wealth that ensures the sustainable transfer of family wealth to future generations.
- What is the main purpose of this framework?
- It is to structure family wealth, ensure the continuity of wealth, and minimize the risk of potential legal disputes within the family.
- Which institution offers this service?
- The service is offered by SCB Wealth, the asset management unit of Siam Commercial Bank (SCB).
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