Services
Succession Planning
There may be only two certainties in life - death and taxes - but the well-advised client can take steps to ensure that the transfer of wealth from one generation to the next is planned, orderly and coordinated with as little incidence of taxation as possible.
Taxation may not be the only issue. In the case of a family company, the succession must be planned to avoid the sort of disputes that can destroy the business.
The same principles apply to the passing on of substantial family wealth, where individual family members will live in different jurisdictions with different tax and family considerations, with their own attitudes to risk and with varying investment criteria and objectives.
Rathbone Trust International is well-practised in working with clients to ensure that their affairs are in order and to ensure that succession is properly planned, efficient and coordinated.
Clients often hold assets in a number of jurisdictions and are concerned to avoid the complexities of having to obtain several grants of probate and international probate issues and often a settlement can avoid these problems.
Sometimes more complex structures are required, designed to deal with major portfolios of property or other investments.
Where wills are required we can assist in their drafting and in the administration of estates, including the coordination of international wills."