Family Office & Family Wealth - Section 6. Structuring

Family Office & Family Wealth - Section 6. Structuring free download

Structuring International Wealth for Future Generations

Section 6 - Structuring International Wealth for Future Generations.

Section 6 delves into the minimum legal culture required for UHNW wealth structuring. The topics of conflict of laws and jurisdictions are discussed in relation to international wealth structuring, emphasizing the importance of understanding international and comparative law. Additionally, the complexities of international taxation and structuring strategies for managing wealth across borders are explored in this section. The considerations for preserving and transferring wealth to future generations are crucial, requiring a deep understanding of global legal frameworks and tax implications. Effective wealth structuring involves navigating the intricate landscape of international laws and regulations to ensure the preservation and growth of assets for future generations.

In this Lecture we will go through a series of legal aspects of UHNW and FO management.

Lecture 18 - Minimum Legal Culture Required: In this part, we will highlight what I see as a requirement for family officers to acquire a minimum level of knowledge of the law and as well as of the existence and relevance of various legal systems.

Lecture 19 - Conflict of Laws & Jurisdictions: We will review here the basic principles of Private International Law and Comparative Law; two essential areas of the law for international UHNW families. The topics of conflict of laws and jurisdictions are discussed in relation to international wealth structuring.

Lecture 20 - Comparative Law: In this part, I am providing a high-level introduction to Comparative Law, an area of the law in which the different viewpoints, techniques and postulates of various legal systems are analysed to better understand why the FO needs to approach legal advice with a local & global, a glocal lens.

Lecture 21 - International Taxation: We will highlight some of the recent developments in international tax regulation affecting the structures used by international family offices.

Lecture 22 - International Structuring: Finally, we will provide basic concept of structuring, using trusts and corporate vehicles.

This Lecture is not meant to be a law course, but any person involved in single-family office management should have a minimum legal background, especially one with multi-cultural references. For Emerging Market families, in particular, there are clear gaps in the ability of tax and legal advisers to work with them across different legal systems.