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Expert Tips for Writing a Family Business Succession Plan
There are many advantages to owning and operating a family business. Increased stability, commitment and flexibility, alongside having something of value to pass along to the next generation, are just a few. However, there can also be disadvantages or areas where...
Wealth Structuring for Entrepreneurs
Most people will perform some type of wealth structuring throughout their lives, be it transferring assets to friends and family, or investing in a pension. For entrepreneurs, the process can be more complex, as there are often multiple business interests and...
Legal Services: When and How to Get a Second Opinion
When dealing with complex medical issues, most people would not hesitate to ask for a second opinion. However, when it comes to the law, many are often more hesitant to request this. In most cases, everyone has the right to ask for a second opinion, or to have their...
Finding Legal Support for Philanthropy
Many high-net-worth individuals and families dedicate a significant amount of time and resources to philanthropy. So much so, in fact, that there is an entire branch of the legal profession dedicated to administering philanthropic endeavours. You can learn more about...
Family Office Trends and Insights 2020
The family office caters for the financial needs of high-net-worth individuals and families. 2020 saw the emergence of new high-net worth individuals and growing expansion of wealth by existing families in the bracket, leading to greater demand for the services of a...
Charitable Giving as a Component of Estate Planning
Incorporating charitable giving into an estate plan has many benefits. Not only does the benefactor get to make a positive societal or environmental impact with a portion of their wealth; they will also receive certain tax benefits that can result in other...
Preparing for the Role of Executor
An executor is a person or persons named in a last will and testament that will take responsibility for ensuring all financial matters are resolved and the wishes expressed by the deceased are carried out. This role can be time-consuming, complex and stressful, so...
Asset Protection: Protecting Personal Wealth from Business Risk
Owning a business can be an exciting opportunity, but it comes with certain risks that the business owner needs to be aware of and make contingency plans for. Making a profit is the ultimate aim, but entrepreneurs must also consider how to protect their business and...
The Role of the Prenuptial Agreement in Estate Planning
A last will and testament is a legal document that establishes the wishes of the deceased in terms of how their assets should be divided among heirs following their death. However, in many jurisdictions, a surviving spouse may have rights that supersede the will. Laws...
How to Handle an Estate Following a Death
When someone dies, there are various legal processes that must be put into action to handle their affairs and distribute their estate. The exact procedure may vary between jurisdictions, and many aspects of the estate handling process need to be carried out in a...