Protecting the world's wealthiest families ARIS - Taylor Wessing

64 Pages·2012·1.16 MB·English

A
R
IS ARIS
Protecting the world’s
wealthiest families
Asset Protection
Reputation Management
Intelligence
Security
Key Contacts
Nick Warr
[email protected]
Mustafa Hussain
[email protected]
ARIS
This brief is a concise and practical guide for wealthy individuals
and families. It addresses some of the unique legal protection
issues you face, including advice on how to:
Create robust legal structures to minimise risk of
Protect attack against your assets through taxes or claims
Your Assets (see Asset Protection on page 4)
Build goodwill and deal with crises, whether in the
Manage Your media, online, affecting yourself or your business
Reputation (see Reputation Management on page 16)
Gather and analyse insightful and strategic
Procure information that is vital to informing your decision
Intelligence making (see Intelligence on page 34)
Understand and prepare for the risks you
Ensure and your family or business face
Security (see Security on page 42)
The brief also highlights key issues in other legal services areas
that may be relevant for wealthy individuals and families including:
 Commercial Disputes; and
 Corporate
Taylor Wessing is a leading full service law firm with a
network of offices around the world. We offer a fully
integrated service for high net worth individuals and families.
We are one of the few international law firms able to assist
clients with both Private Client and Corporate Law advice
as one. We would be delighted to discuss with you your
legal protection needs.
Key Contacts:

Nick Warr Mustafa Hussain
Partner Partner
[phone] [phone]
[email protected] [email protected]
Please contact us for further information or to
arrange a confidential briefing tailored to your
particular circumstances.
Contents

Asset Protection .................................................................04
Reputation Management.................................................16
Intelligence .............................................................................34
Security ....................................................................................42
Legal Services ......................................................................50
Taylor Wessing .....................................................................55
Protecting the world’s
wealthiest families
02
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AARRIISS
03
Asset Protection
Asset protection involves structuring your
assets, through a variety of vehicles, in
order to confidentially protect those assets
from third party claims. Potential areas of
exposure that an asset protection structure
would seek to mitigate include insolvency,
divorce, inheritance, forced heirship rules,
political instability and tax.
The ways in which assets are structured and the
vehicles used within the structure will very much
depend on the client, his/her needs and the assets
concerned. However, commonly, this will include
the use of a trust, or foundation, or family limited
partnership, or company, or a combination of all
or any of the same.
The risks associated with not taking steps to protect
your assets are that they are vulnerable to claims by third
parties (be they creditors, divorcing spouses, heirs) and
may, as a consequence, be significantly eroded.
04
Protect Your Assets
Protect
Assets
05
Protect Your Assets
It makes no difference if you are based in the UK or
otherwise. The same risks in terms of the vulnerabilities
of assets will remain the same to some degree,
irrespective of location. However, if you are based
outside of the UK (and even if you are based in the
UK) it may well be the case that UK structures are not
suitable for your asset protection needs. Factors to
take into account will include: where you are currently
living, where you were born, where your assets are
located, the type of vehicle(s) suitable for your asset
protection structuring and the jurisdiction that is best
suited to fit those factors.
The degree of complexity involved in an asset
protection structure will vary according to your
particular situation (and can be tailored according to
your tolerance of complexity). For example, a simple
asset protection structure might comprise a trust
of some form, holding the relevant assets. However,
this may be more complicated by, for example, the
introduction of one or more companies, used to hold
the assets for the trust; or by the introduction of
a private trust company to run the trust (and the
introduction of other structures to hold the private
trust company).
06