Looking towards the future and planning for the transfer of wealth to beneficiaries requires innovative solutions to protect your assets and legacy. We help you secure long-term asset protection through trusts, foundations, insurance solutions and other instruments, and help you to understand your accounting and tax reporting obligations when setting up and benefiting from these structures.
Securing long-term asset protection
We understand succession planning may not be at the top of your to-do list. You may be in good health, of sound mind, or young in years. Despite all of this, it is still important to plan early, in order to ensure that your wealth and assets will be safely transferred to the next generation, or protected to allow any potential next generation to benefit. We guide you through the best options to safeguard your assets and legacy. Our experienced team tackles the increasingly complex legal and financial rules that arise from having assets or wealth in different countries.
Setting up a trust
Setting up a trust can have significant benefits but can also bring about tax reporting obligations. The process is complex and the laws and regulations are constantly changing. Our experienced team guides you step-by step through your trust options and obligations, particularly if various asset classes and multiple jurisdictions are involved.
In cases where trusts are not recognised (e.g. in certain civil law jurisdictions, or situations where common law and civil law conflict) we develop solutions that fit your needs and situation.
Succession planning for family businesses
Family businesses are often the crown jewel asset of a family. It is crucial to have a succession plan in place to enable the business to carry on based on your vision for future generations and to protect your wealth for future generations.
While trusts have many advantages, just like any other wealth planning technique, disputes can ultimately arise. We have represented beneficiaries, settlors and trustees in many of these types of situations so have a strong grasp of the big picture as well as the detailed complexities. We aim to resolve disputes through consultation which may sometimes lead to a private settlement or arbitration, or court proceedings if necessary.