Women are less prepared in their succession planning than men, but are more drawn towards philanthropic giving, according to a report from Swiss banking giant UBS.

Women are more focused than men on certain tangible assets that may be included in the legacy strategy.

Almost a third (32 percent) of women said they plan to leave artwork to their heirs, compared to 26 percent of men.

The UBS research further found 87 percent of women agreed money is a tool that can be ...