Intergenerational Wealth Transfer Part 2: Execution

The best plan is worthless if not properly executed.

This article follows on from our earlier discussion on issues clients may need to consider before passing assets to their intended heirs. Here, we highlight some offshore tools that can assist clients in bringing their planning to fruition. Given that each family's circumstances will differ, the comments and thoughts set out below are general only, and specific tailored advice should be taken before any action is taken. Further, no such transfers need to be made, but the downsides of not doing so may include tax inefficiencies and the effective freezing of the business in the event of the owner's incapacity or death.

What's in the offshore toolbox?