- Charities, philanthropy and gifts
- Cross-border estate planning
- Education, training and preparation of next generation
- Emergency measures
- Emigration and immigration
- Estate planning
- Estate taxes and duties
- Family assets; art, portfolio, realty
- Family business
- Family disputes and solutions
- Family Governance and Family Charters
- Family Office
- Foundations and Trusts
- Last will and testament
- Living will
- Marriage contracts, nuptial agreements and matrimonial law
- Personal income tax
- Protection of assets
- Residency
- Structures to hold, control or manage family wealth
- Succession planning and transfer to next generation
- Tax Planning
High net worth family charters, protecting family and wealth
A Family Charter should not be looked at as a piece of literature to work on, perfect and store in a drawer. It has a specific use and it should address a minimum of critical and important matters of concern to the family. What is the Role of a Family Charter? A Family Charter will help reduce any future frictions among family members. It entices them to keep the bond on, and the business in the Family; and provide them with a taste of the ingredients that have been behind the success of the business in the past, hoping that they will follow suit and that the generations to come will...
Underestimating the Accrual of Inheritance with Foreign Assets: A Common Mistake
Accrual of inheritance involving assets abroad often underestimated An international accrual of inheritance is given when for example a German testator holds assets abroad or vice versa a foreign testator holds assets in Germany. Due to the different national regulations in each country the international assets of e.g. Germans involve significant civil and fiscal-law risks if not structured carefully. Therefore it is advisable to concern oneself with this subject during one's lifetime and to take corresponding measures if possible. The complexity of international accrual of inheritance is...
Which opportunities do social businesses offer for venture philanthropy funds?
The innovative, market-oriented but yet not yield-oriented model of social businesses makes a good match for the distinctive approach of venture philanthropy funds. The term social business was coined by the Nobel Peace Prize laureate Muhammad Yunus. He founded the Grameen Bank, a community development bank in Bangladesh, which awarded microloans for micro-entrepreneurs and enterprises. Today, social businesses like the Grameen Bank represent 10% of all European businesses with over 11 million paid employees, according to the European Commission. It is therefore an important and growing...
Example of a Family Covenant – part 1 of 2
Example of a Family Covenant - Part 1 of 2 Suggested format of a family covenant with different clauses, as may be relevant, part 1 of 2,clauses 1-8. 1. Introduction Explanation about the family structure, the relevant assets, the nature of the family business and the manner in which the structure is to be managed. In most cases, family assets are divided into the core business, being an active company/ies, on the one hand, and assets held by the family for investment purposes, on the other hand. You will find below a separate reference to each. 2. Definitions Define who is a "family...
