The third step in Protection Planning is to explore who is to get what and when.
Succession planning is not a science, it is an art. Knowing how people are likely to react when faced with the prospect of owning wealth or particular aspects of wealth - and how to manage the transition.
Step children, former spouses, wayward children, business partners and shareholders - all may have misplaced expectations which can lead to lengthy litigation and the failure of family harmony - all of which can be avoided with a bit of careful planning.
Now that offshore trust structures are under review due to the introduction of the Common Reporting Standard, to make it robust and secure you can also review who is to get what and when.
In accordance with our ethos, we listen to your concerns and wishes; we want to know how best we can be of service to you to deliver your goals.