An experienced businessman and financial advisor, Henry Vail II graduated from the University of Houston, where he obtained certification in financial planning. Currently, Henry E. Vail serves as a private wealth advisor at Sucre-Vail Wealth Advisors. At the firm, Henry Vail II helps clients with wealth succession planning.
Wealth succession planning is a service and process that helps individuals preserve their assets after they die or become impaired. Wealth succession typically occurs in families, which means that individuals with many assets typically transfer their wealth, consisting of assets and capital, to their families or beneficiaries. Wealth succession is an important aspect of a family’s future. As a statistic showcases, approximately $8 trillion of global high-net wealth will be passed on from one generation to another, from an heir to another.
Wealth succession can often cause issues in the family if people are not prepared for it, as a statistic showcases that 67 percent of wealthy families consider succession planning and inheritance a big problem and concern. Also, 70 percent of families throughout the world fail intergenerational wealth transfers.
Wealth succession can be managed in a few different ways, including through trust. In a trust, a trustor names a trustee responsible for executing the trust and distributing the assets to the beneficiaries and the family when the right time specified in the trust comes.
Wealth succession planning is a service and process that helps individuals preserve their assets after they die or become impaired. Wealth succession typically occurs in families, which means that individuals with many assets typically transfer their wealth, consisting of assets and capital, to their families or beneficiaries. Wealth succession is an important aspect of a family’s future. As a statistic showcases, approximately $8 trillion of global high-net wealth will be passed on from one generation to another, from an heir to another.
Wealth succession can often cause issues in the family if people are not prepared for it, as a statistic showcases that 67 percent of wealthy families consider succession planning and inheritance a big problem and concern. Also, 70 percent of families throughout the world fail intergenerational wealth transfers.
Wealth succession can be managed in a few different ways, including through trust. In a trust, a trustor names a trustee responsible for executing the trust and distributing the assets to the beneficiaries and the family when the right time specified in the trust comes.
