Ownership of wealth assets is more complex today, with significantly greater amounts of regulation and reporting. In recent years, there has been huge changes in global reporting (such as FATCA and the OECD\’s Common Reporting Standard) that affect many families. Transitioning and planning for succession of wealth is also much more complicated. As an independent consultancy, our core focus is to guide you through the issues to the best solution for you and your goals.
Having a comprehensive plan for the use, enjoyment, management, preservation and transition of your wealth is vital. Families and their wealth have become increasingly international. Overseas education and migration has become a normal part of family development, which creates new and different perspectives to family culture and dynamics. Moreover, in the drive to diversify wealth asset investment and seek greater returns available from other countries, personal and family wealth becomes subject to the rules and regulations of the country where it is located. The result of these two drivers is to introduce different cultures and perspectives within family members, as well as the complexity of foreign legal and compliance regulations into the ownership and security of the family’s wealth.
There are many different private wealth solutions available, not only for proper ownership of wealth assets but for its better management and transition. Such solutions range from straight forward ownership in your own name to ownership through special purpose companies or limited liability partnerships, trusts (domestic or non-domestic), fund structures and/or a family office. Each solution potentially has a place in the ownership, management and transition of family wealth but each has its own attributes – both from a perspective of its legal framework and its operation and impact on family dynamics and culture.
More choice and diversity of solutions brings more complexity in selection of the most appropriate tools for any particular family or individual’s needs. Not every solution works for all types or assets in all countries for all wealth owners. Capital Solutions will guide you to the solutions which best suit your needs. As an independent consultancy, we are unbiased in our solutions and we work with different premier service providers to deliver you the most appropriate solution. We are looking out for the best interest of our clients.
We look forward to finding the best solutions for your needs. Please contact us.