Jonathan Speck, Senior Partner at Mourant, together with Jon Needham, Head of Trust and Succession Planning for Societe Generale Private Banking – SGPB and Simon Kleis, Head of Private Client Trust for SG Kleinwort Hambros, as well as Melody Munro, Senior Associate at Farrer & Co and Graeme Kleiner, Partner at Charles Russell Speechlys, discuss the practicalities of identifying and eliminating risk in wealth transfer and how to prevent it from going horribly wrong.
Modern families are complex and there is no set formula to prepare and articulate your wishes and concerns. A well-considered plan can help in defining a family’s vision and purpose but, equally importantly, limit negative impacts when the time for succession and wealth transfer comes.