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Family Succession Beyond the Will

Others | 18 May 2026

Executive Summary

1
A will is only one part of family succession. For high-net-worth families, trusts, tax residency, corporate structures, superannuation, overseas assets and changes in family relationships can all affect how wealth is protected, transferred and distributed.
2
A family trust does not automatically guarantee protection. How assets are placed into the trust, who holds control, how beneficiaries are structured, and how marriage, debt or tax changes may affect the arrangement all need to be carefully reviewed over time.
3
Many families avoid discussing wealth and tax arrangements too early, often out of discretion or a desire to protect the next generation. However, when unexpected events, relationship changes or cross-border tax issues arise, a lack of transparency can create significant legal, tax and family governance costs.

In this episode, GloryHouse Wealth Management CEO Garth Hu speaks with Beibei Han, Partner and Head of Asian Business at Grant Thornton Australia, to explore the often-overlooked trust, tax, estate planning and asset protection issues behind family succession.

Why are some families able to preserve wealth across generations? Are assets held in a family trust truly protected? How can changes in marriage affect wealth distribution? And why do many wills become disconnected from the reality of a family’s assets and circumstances by the time they are needed?

Drawing on years of experience in cross-border tax and family structuring, Beibei shares the real challenges high-net-worth families often face when planning for succession. As she notes in the conversation, silence around tax structures and asset arrangements can itself become a source of risk.

True family succession is never only about distributing wealth. It is about long-term planning, risk management, family communication and the continuation of responsibility across generations.

Disclaimer

This video has been prepared by GloryHouse Wealth Management Pty Ltd (ACN 690 671 606), Corporate Authorised Representative (CAR) of GloryHouse Investments Pty Ltd (ACN 690 671 553, AFSL 700198). The content in this video is provided for informational purposes only and does not constitute financial, investment, legal or tax advice. This material is intended solely for wholesale clients as defined under section 761G of the Corporations Act 2001 (Cth) and is not intended for retail clients. Any views expressed are general in nature and do not take into account your personal objectives, financial situation or needs. All investments involve risk. Past performance is not a reliable indicator of future performance.