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Asset Structuring and the Principles of Wealth Preservation
“…Our wish is that…[there be] maintained that state of property, equal or unequal, which results to every man from his own industry or that of his fathers…”
– Thomas Jefferson
There are countless reasons why individual families lose their wealth, but many of them can be avoided with careful structuring of wealth, and putting in place proven practices to protect the wealth once properly structured.
Clarifying the family’s philosophy of wealth, defining a purposeful approach to pools of wealth and protecting wealth from internal and external risks are essential steps to realize legacy objectives and achieve the broader family purpose.
On and offshore structures, effective oversight, prudent investment policies, an ‘ecosystem worthy of trust’ and clear principles on wealth distribution and family education can all go a long way to helping you beat the old curse of riches to rags in three generations.
In addition to wealth structuring and value preservation through a disciplined approach to investment and distribution, a 360 degree view of risk is an important related set of activities. Failure to identify the full set of risks or to undermanage the risks once surfaced can lead to very damaging consequences.
Risk management is all about identifying potential family problems early and addressing them quickly and effectively.
Traditional risks include family, financial, fiscal and physical risk, but today data and cybersecurity concerns have added an extra dimension to risk management. Responding to a family’s priority risks can range from assuring physical security of premises and travel to prenuptial agreements to complex financial market hedging instruments.
All need to be listed, understood and managed as appropriate.
Objectives
This course will show you how to approach purposeful wealth structuring, put in place prudent policies to preserve wealth and a comprehensive approach to the identification and management of priority risks.
Instructors
Mark Daniell, John Riches, Barbara Ann Bernard
- Statement of Philosophy of Wealth To download, right-click on the link above and select “Save link as…”
- List of Asset Structuring Options and Selection Process
To download, right-click on the link above and select “Save link as…” - Family Trust Deed and Letter of Wishes
To download, right-click on the link above and select “Save link as…” - Will, Living Will and Ethical Will
To download, right-click on the link above and select “Save link as…” - Wealth Objectives and Investment policies by Asset Pool
To download, right-click on the link above and select “Save link as…” - Principles and Policies on Wealth Distribution
To download, right-click on the link above and select “Save link as…” - List of Key Principles for Being a Good Beneficiary and Trustee
To download, right-click on the link above and select “Save link as…” - Defining risk, enumerating elements, setting priorities
To download, right-click on the link above and select “Save link as…” - Nextgen Program of Legacy Education
To download, right-click on the link above and select “Save link as…”
Risk management is all about identifying potential family problems early and addressing them quickly and effectively.
Traditional risks include family, financial, fiscal and physical risks. Today data and cybersecurity concerns have added an extra dimension to risk management. Responses to priority risks can range from assuring the physical security of real assets to prenuptial agreements to complex financial market hedging instruments.
Your course progress