Blog
The Definition of the Family Asset Pool
After the breakdown of a long-term relationship or marriage, dividing assets can be time-consuming and stressful. Quarrelling with an ex-partner over which party is entitled to each asset only serves to exacerbate the stress and drag out the process. For those in this...
What Is a Trusted Adviser and What Are the Benefits of Having One?
A trusted adviser is a company or individual that works collaboratively with clients as a strategic partner. A trusted adviser harnesses their extensive knowledge and experience to provide advice and guidance tailored to their client’s needs and objectives on a...
The Increasing Incidences of ‘Succession Syndrome’ Among Wealthy Families
The hit HBO show Succession may be a fictional drama, but many of the issues it explores are firmly rooted in fact. Paracelsus Recovery, which has centres in London and Zurich, offering therapy, counselling and medical help to wealthy clients, has said that almost 40%...
Aggressive Litigators: Are They More Effective?
Lawyers often believe that their clients want a litigator who is aggressive, and many describe themselves as such on their professional profiles. But is taking an aggressive approach actually more effective in terms of getting results? What is an Aggressive Litigator?...
The Rise in Cases of Mandatory Mediation
Legislators in a number of jurisdictions worldwide are turning to alternative methods of dispute resolution, such as mandatory mediation, in response to the rise in disputes that are currently putting pressure on global court systems. This rise has been partly caused...
Important Considerations When Setting Up a Family Office
Family office structures offer a set of bespoke services that help to protect a family’s wealth and manage its investments, assets, residences and businesses, all via a single administrative point. A family office can safeguard wealth both now and for future...
Alternative Ways to Resolve Disputes in the Workplace
Workplace disputes are not just disruptive but can also be expensive for a business to resolve, especially if they end in litigation. In most instances, avoiding litigation is best for both parties, unless it is used as a last resort. Fortunately, there are various...
How to Plan an Inheritance
The term ‘inheritance’ refers to the assets bequeathed by an individual to their loved ones when they pass away. An inheritance may comprise cash, investments (such as bonds or stocks) and other assets like automobiles, art, jewellery, real estate and antiques. It’s...
Family Office Experts Cite Emotional Intelligence and Empathy as Key Attributes for Advisors
A team of family office professionals, private wealth managers and trust experts met in the last quarter of 2022 at Carlton Tower in Jumeirah for a roundtable discussion on issues facing the management of family wealth. This in-depth discussion from industry experts...
The Difference Between Estate Planning and Writing a Will
Estate planning and will writing may often be used interchangeably when talking about planning for retirement or for what will happen to your assets once you pass away. However, there is a key difference. Estate planning is a far broader and more complex process, of...