The Great Wealth Transfer: Jersey structures for international families

Learning Outcomes

• Next generation beneficiaries are often beneficiaries of a 30 year plus "one-size-fits-all" structure, which may not necessarily be appropriate for their current lifestyle – the structure may need to be modified;
• The next generation of beneficiaries will often increase the pool of beneficiaries, which in turn has the potential to dilute the wealth available under the structure – expectations will need to be managed carefully;
• With an increase in the pool of beneficiaries, the interests of next generation beneficiaries may not be aligned – competing interests will need to be appropriately and compassionately accommodated, especially if "second families" are involved;
• The benefits of a global outlook frequently results in next generation beneficiaries wishing a proportion of the trust fund to be held in ethical investments and/or made available for philanthropic purposes – this approach requires, amongst other things, an agile investment philosophy;
• The age of increasingly available and instant information leads to next generation beneficiaries challenging service providers on the ongoing administration of structures – the service providers need to engage with the next generation.

ADDITIONAL INFORMATION

• Timings: 14:00-15:00 (Registration from 13.45)

BENEFITS

• Certificates of attendance are provided*
• 1 hours of CPD

*Please note that all delegates must sign-in online in order to receive a CPD Certificate

SPEAKER

Edward Bennett, Partner at Bedell Cristin

Edward leads Bedell Cristin's International Private Client group. As an English Solicitor (non-practising), a Jersey Notary Public and a Jersey Advocate, he has nearly 30 years' experience advising local and international clients on all aspects of wealth planning structures, including trusts and foundations together with their related corporate and commercial law issues. Edward frequently advises on the establishment, restructuring and ongoing administration of structures holding a variety of assets located around the world. Edward has become a trusted advisor to wealthy families from across the globe and understands the complexities of next generation wealth planning.