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🇮🇩 Indonesia /Economy & Trade

From Wealth to Legacy: Why Planning Across Generations Matters

From Republika · () Indonesian

Translated from Indonesian and summarized by DistantNews. Read the original for the full story.

At a glance

In-depth Named sources Context piece
  • A Sun Life Financial Resilience Index 2026 survey found that 48% of Indonesians either lack a long-term financial plan or plan only one year ahead.
  • Financial confidence stood at 86% among people with long-term plans, compared with 25% among those without them.
  • Speakers at CIMB Niaga Wealth XPO 2026 said legacy planning should cover family values, education, protection and future choices, not only inherited assets.

For many families, leaving a legacy means more than handing down property or savings. It also means giving children values, protection and the freedom to shape their own lives.

That message featured prominently at a Wealth Practice session during CIMB Niaga Wealth XPO 2026 in Jakarta. Sun Life Indonesia and CIMB Niaga presented legacy planning as part of broader long-term wealth management, alongside the protection of assets and the transfer of family values.

We cannot choose a life for our children. What we can do is equip them with values as a compass and foundation that gives them choices.

— Najwa ShihabShe described the values parents pass on as part of a child’s legacy.

The need for longer-term planning is reflected in figures from the Sun Life Financial Resilience Index 2026. The index found that 48% of Indonesians have no long-term financial plan, or plan only for the next year. Financial confidence reached 86% among those with long-term plans, compared with 25% among those without them.

Najwa Shihab said parents cannot determine the lives their children will lead. “We cannot choose a life for our children. What we can do is equip them with values as a compass and foundation that gives them choices.” She said parents should also ensure that what they build today can provide their children with security in the future.

As a child, I see legacy as more than inheritance. It is also about values, security and readiness for the future. Financial protection such as insurance can be one way for families to build that readiness.

— Izzat Ibrahim AssegafHe explained how children may view legacy beyond inherited wealth.

Izzat Ibrahim Assegaf similarly described legacy from a child’s perspective as values, security and readiness for the future. “As a child, I see legacy as more than inheritance. It is also about values, security and readiness for the future. Financial protection such as insurance can be one way for families to build that readiness.”

Noviady Wahyudi, CIMB Niaga’s director of Consumer and Emerging Business Banking, said customers increasingly need help not only building wealth but also managing and protecting it for their families. “That is why legacy planning is an important part of comprehensive long-term wealth planning and needs to be prepared early.”

That is why legacy planning is an important part of comprehensive long-term wealth planning and needs to be prepared early.

— Noviady WahyudiThe CIMB Niaga executive said families should begin legacy planning early.
About this summary

Originally published by Republika in Indonesian. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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