Pass on wealth protection tips: STEP

Advisor.ca is live-tweeting the 15th annual STEP conference.

Here’s a selection of our tweets:

11 of the 20 richest women in the world live in China. Average Chinese millionaire is 15-20 years younger than western counterpart. #STEP

Communication about wealth among generations is one of the biggest issues today. #STEP

Big danger: early division of family businesses. When patriarch dies the value of business often plummets. #STEP

Families are considering impact investing as well as philanthropy. #STEP

The wealthy are moving away from hedge funds and private equity. Prefer direct investment, family business, and worldwide expansion. #STEP

Taking care of grandparents becoming difficult. Yields low, taxes high. Could invade capital but ppl living longer. #STEP

Stay tuned for more on taxes, trusts and insurance. Also, check out:

Death and taxes: What you need to know

Protect your business and legacy

Move assets out of estates before death

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