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Efficient Estate Planning: The Importance of Prenuptial Agreements
Prenuptial agreements are often mentioned in books and films when one half of an engaged couple wishes to make sure their assets will be protected in the event of a divorce, usually when one half of the couple owns significantly more assets than the other. This is...
Estate Planning and Philanthropic Giving
There are many reasons why the inclusion of philanthropic giving into an estate plan can create financial advantages, not only for the charitable beneficiaries but also for the owner of the estate and their heirs. People who are eligible to pay Inheritance Tax can cut...
How to Start Planning for Family Wealth Succession
Accumulating wealth goes hand in hand with the desire to ensure that wealth gets passed down to the people we want to succeed us – usually family members. Maintaining a family empire through the generations requires smart succession planning, ideally deciding what is...
Wealth Transfers: Preparing for Success
It is estimated that assets to the value of around $30 trillion will change hands in a country such as the United States over the next 30 to 40 years, as the Baby Boomer generation transfer wealth to their heirs. Whether each individual transfer is on a large scale or...
Inheritance Advice: Dividing Up an Estate Among Children
Writing a will with more than one beneficiary can be a complex business, especially when the beneficiaries are offspring. In many families, the clear and obvious solution is an equal distribution of assets. However, there are also many cases where it makes more sense...
Wealth Structuring: A Guide for Entrepreneurs
The term ‘wealth structuring’ refers to the proper planning procedures for the long-term management of wealth, including control, preservation and succession. Without proper wealth structuring, misuse or waste of funds – or even family conflict – can arise. Wealth...
Resolving Value-Based Disputes: Conflict Negotiation Strategies
When two parties come into legal conflict, there are a variety of strategies that can be used to help negotiate towards an acceptable compromise. However, the dynamics of negotiation naturally become more complex when the matter at hand is value-based, relating to...
Introducing the International Bar Association
The International Bar Association was established in 1947, not long after the creation of the United Nations. The principles behind the establishment of the International Bar Association revolved around the conviction that if the bar associations of the world came...
Defining Legal Terms: What Is Legal Coaching?
Legal coaching refers to a specific process of legal guidance which, unlike legal representation, provides the client with the tools they require to represent themselves in the absence of counsel. It is a new concept in some areas of law designed to provide...