Blog
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...
Family Business: Preparing the Next Generation of Leaders
The number of family businesses successfully being passed on to the next generation has been falling. Five years ago, approximately a third were being transitioned to second-generation leadership. Today, this number is closer to 19% or less than a fifth. One of the...
Dispute Resolution: Tips for Achieving a Successful Outcome
Dispute resolution is an alternative to litigation that can help resolve conflict without the cost and time involved in going to court. Dispute resolution is most commonly used in civil cases where there are no criminal charges. Mediation and arbitration are two of...
The Queen’s Succession Plan and What Family Offices Can Learn from It
The passing of Queen Elizabeth II led to a new reign in the UK after more than 70 years under the same monarch. As King Charles III takes the throne, family offices everywhere can learn from a succession plan that has been in the making for almost three-quarters of a...
Estate Planning: Must-Do Checklist
Making an estate plan ensures that your assets, possessions and property are distributed amongst your loved ones in the way you want them to be when you die. The primary component of any estate plan is a last will and testament. The PDF attachment looks at what this...
Wealth Planning: Trusts Vs. Foundations
Trusts and foundations are two separate legal entities that can be used in wealth planning to protect and distribute assets both during life and at the end of life. While both essentially act as wealth management tools, there are many key differences between the two....
Estate Planning: How to Discuss the Future with Parents
Estate planning can be a tricky conversation for people to have with their parents. Essentially, it involves looking to a future where the parents are no longer around, which can make things difficult to discuss openly. However, ensuring parents have an estate plan in...
The Importance of Succession Planning for Family Start-Up Longevity
Global studies have shown that the vast majority of businesses worldwide are either wholly or partly family-run. However, research suggests that as many as three-quarters of all these businesses fail to make it beyond the first generation. Some more statistics for...