Full Description
As F Scott Fitzgerald wrote in The Great Gatsby, "the rich are different" and face unique challenges - this is perhaps especially true today. Countries are racing to disclose bank accounts to garner more tax income and the politics of being in the "1% club" are not always positive. Yet these are important clients with important needs.
This comprehensive new handbook, featuring contributions by leading private client advisers, includes chapters on topics including:
•the importance of having a detailed, organised balance sheet;
•buying very substantial properties;
•choosing a country of residence;
•managing cross-border taxes;
•protecting assets from marital claims;
•understanding trust documents;
•creating a private trust company; and
•setting up a family office.
In addition, this book explores risk and reputation management, addresses diminished capacity and provides an evaluation of the wealth infrastructure, the philanthropic framework and the future of global investing.
Edited by Barbara Hauser, Editor of The International Family Offices Journal and the new edition of Family Offices: The STEP Handbook for Advisers, this new handbook will provide essential reading for all private client advisers, wherever they are based.
Contents
Introduction
Barbara R Hauser
Independent family adviser
Overview of global situation for private wealth
Joseph A Field
Pillsbury Winthrop
Shaw Pittman LLP
Inventory and comprehensive consolidated balance sheet
Asher Noor
AlTouq Group
Special assets purchase and maintenance: purchase of substantial properties
Jeremy McGivern
Mercury Homesearch
Managing insurable risks
Linda Bourn
Crystal, Alliant Private Client
General risk preparedness
John Deverell
thepreparedmind.net
Choice of residence
Nicola Saccardo
Maisto e Associati
Management of taxes
Jeremy Arnold
Withersworldwide
Reputation management
Charlie Bain
Digitalis
Protection from marital claims
Simon Bruce
Farrer & Co
Review of all trust documents
Gail Cohen
Gerry Joyce
Fiduciary Trust Company
Consider creating a private trust company
Advantages of a family office
Barbara R Hauser
Independent family adviser
Addressing diminished capacity
The philanthropic framework
Melissa A Berman
Rockefeller Philanthropy Advisors
Global investment future views
Craig Pearson
Private Wealth Systems
The essential infrastructure for wealth preservation
Natasha Pearl
Aston Pearl
