Working Together To Preserve And Grow

Article by Keith Graham

Effective succession planning is now the single biggest issue for high net worth individuals concerned about ensuring the successful transition of wealth from one generation to the next. They face a growing number of choices and challenges, not only in relation to the ongoing management of the assets but also in ensuring that their shared values and vision can be safeguarded and that the agreed objectives of the family members can be met. Private Trust Companies and Family Offices have developed to become ideal platforms for preserving and enhancing the value of family wealth. However such structures are only effective if there is proper governance in place. Jersey is an ideal location for Wealth Management for numerous reasons, not least because practitioners have considerable expertise in these keys areas.