Estate Planning and Wealth Transfer Strategies using Life Insurance

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In today's complex financial landscape, wealth transfer to future generations is a critical concern, especially in emerging markets like Nigeria and across Africa. With high-net-worth individuals in Africa holding an estimated $2.1 trillion in wealth (projected to reach $3 trillion by 2031) and over 10,000 millionaires in Nigeria alone, sophisticated estate planning strategies are essential.

Estate planning in Africa faces unique challenges, including complex family structures, diverse cultural expectations, and evolving regulatory environments. Despite this, only 30% of high-net-worth individuals in Africa have a comprehensive estate plan.

A well-known solution with a proven track record used for estate planning is life insurance. When strategically incorporated into your wealth transfer plan, life insurance can offer numerous benefits:

  • Immediate Liquidity: Covers estate taxes and expenses.
  • Wealth Replacement: Compensates for wealth lost to taxes or charitable giving.
          
  • Equalization of Inheritances: Enables fair distribution among heirs
  • Asset Protection: Shields against creditors and legal claims.
  • Tax Efficiency: Provides potentially tax-free proceeds to beneficiaries
     
  • Cross-Border Considerations: Navigating complex international regulatory environments

Our upcoming webinar will explore adapting these global strategies to the Nigerian and broader African context. This webinar will provide insights and strategies to leverage life insurance in building a resilient financial legacy that stands the test of time, even in complex environments. We will discuss suitable life insurance policies, trust structures aligned with African family dynamics, and case studies illustrating effective wealth transfer techniques in our unique economic environment.

Why should you attend?

By attending, you’ll be equipped with the knowledge and tools to make informed decisions that can significantly impact the preservation and transfer of your wealth. In this webinar, you will gain:

  • Expert Insights: Gain insights into cutting-edge estate planning strategies tailored for the African context from seasoned professionals

  • Practical Applications: Understand how to use life insurance to cover estate taxes, equitable wealth distribution/inheritances efficiently, and preserve valuable assets for future generations.

  • Tailored Solutions: Discover how to navigate the cross-border complexities of estate planning, especially in the context of Nigeria and Africa, where regulatory environments, legal implications and tax laws can be challenging.

  • Real-World  Examples: Discover how to navigate complex family dynamics in wealth transfer as we explore case studies that demonstrate the successful implementation of life insurance in various estate planning scenarios. 

Who should attend?

This webinar is designed for:

  • High-net-worth individuals looking to protect and efficiently transfer their wealth effectively across generations.

  • Estate planning professionals seeking to expand their understanding of advanced life insurance strategies.

  • Family business owners interested in ensuring the continuity of their business without the need for forced asset sales.

  • Financial advisors and wealth managers who want to offer their clients   comprehensive estate planning solutions.

Attendees will have:

  • Access to the webinar replay.

  • Optional access to the Genea newsletter on news and trends relating to family, business, wealth and legacy.

Abiola Adekoya

Partner

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Abiola Adediran

Partner

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Abiola Adekoya

Abiola Adediran