In an age of uncertainty, wealth management and planning has become a necessity for all regular folk. For high-net-worth individuals (HNWIs), the need is even greater, as they face more complex and substantial planning considerations. Albeit many are now cognisant that writing up a will is a prudent minimum step, cases of intestacy are still prevalent — and can be both problematic and costly. This session intends to foray into other available planning structures, in particular the civil law creature known as "foundations", and how it can be a better alternative even for those entrenched in common law persuasions.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.