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Assisting Private Clients in the Legal Protection of their Wealth
Your Wealth Protecting
Private wealth planning is critical for the preservation and distribution of your wealth. At DLA Piper, we provide you with practical, independent legal advice to assist you in developing a personalised strategy to address your concerns regarding:
■ How to plan for the transition of your business(es) to the future generation(s)?
■ How to arrange your affairs so your wealth will benefit your children and beyond?
■ How to safeguard your assets and investments to protect your retirement?
■ Are there legal tools to avoid “spoiling” your children while allowing them to benefit from your wealth?
■ What mechanisms will prevent your wealth from being entangled in matrimonial issues of your children in the case of divorce?
■ How to transfer your wealth in a tax-efficient manner?
■ What considerations should you take into account when arranging for your family to immigrate to a foreign country? Are there ways to mitigate potential foreign tax exposure?
■ How to ensure your business(es) and family are taken care of if you suddenly become physically or mentally incapacitated?
■ How to minimise uncertainty, unwanted publicity and litigation arising from the distribution of your wealth?
■ What will happen to your assets upon your death? What rules, tax and procedure will apply and how complicated are they? What are the pros and cons of having a will or a trust?
■ How to benefit the public at large? What are the most effective legal tools to cater to your philanthropic interests?
WHY legal WealtH advisorY?
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To assist you in planning and managing your wealth, we bring the world to you.
■ A fully integrated law firm with capabilities to assist you virtually anywhere in the world;
■ Independent legal, tax and strategic advisory services tailored for you;
■ A reputation for providing superior, quality service;
■ Efficiency, dependability and adaptability;
■ Global and local experience;
■ Customised one-stop solutions;
■ Optimisation of your global tax position;
■ A proven track record of delivering practical and effective strategies;
■ Confident and seasoned advisors with decades of experience in wealth advisory;
■ Discretion and commitment to your particular circumstances and needs; and
■ Fluency in a wide variety of languages.
WHat We offer You
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HoW We assist You
We have specialised expertise and experience in addressing all manners of tax planning for private clients. We can advise on tax issues wherever you, your loved ones or your assets, investments and business interests may be and wherever life takes you. Through our global reach we can assist in devising efficient strategies to mitigate your tax and reporting exposure anywhere in the world. Further, our local teams can help implement your strategies and offer you guidance and assistance in dealing with the local tax authorities.
Trusts are often the cornerstone of sound and effective tax, succession and asset protection planning. Trusts offer well-tested flexibility and adaptability for structures suited to your needs and requirements. We can support you in deciding whether and how a trust will help you meet your objectives. From there, we will assist you in structuring the trust, preparing the trust deed and letters of
wishes, choosing the trustee, ensuring the tax and personal effectiveness of the structure, etc. Once a trust structure is in place, we can further counsel on issues which may arise in respect of the administration of the trust, including use of trust property and distributions, to ensure tax efficiency and integrity of the structure. We can assist on variations or other modifications to the trust structure when changing circumstances require.
Wills and ProBate
A will allows you, rather than the State, to decide who will benefit from some or all of your wealth, as well as serve as guardian for your children. We can guide you in drafting your will and advising you on the formalities required to ensure your wishes are implemented. We can also assist you in handling probate formalities in different parts of the world to ensure that your assets are duly transferred to the intended parties expediently.
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We can recommend structures to safeguard you and your children against the potential adverse financial consequences of a marriage breakdown, including but not limited to, pre-marital and post-nuptial agreements and trust structures to protect your assets.
Where sharing your wealth with others becomes one of your objectives, we can assist in developing structures that will maximise the effectiveness of your wishes. Using trusts, foundations and corporate entities, we can aid in devising governance structures best suited to ensure the degree of control you wish to retain in your charitable endeavours.
Relocating to another jurisdiction requires due consideration of tax issues. From the consequences of renouncing US citizenship or immigrating to the US, to the five-year exempt immigration trusts in Canada, to exit taxation rules in Australia. Migrating to another jurisdiction invariably opens up all sorts of pitfalls as well as opportunities.
We can analyse the tax implications of your move and guide you through the rules relevant to the departure from your home jurisdiction to those of your arrival at your chosen destination.
faMilY offiCe Planning and oPeration
We can advise on the establishment and operation of family offices, from the drafting of family constitutions to advising on ongoing compliance and regulatory issues to ensure that your office will work efficiently and in accordance with your intentions.
Private trust CoMPanY Planning
Private trust companies provide a confidential and secure way to pass on your wealth with greater protection from fiduciary risk. We can assist with establishing a bespoke private trust company structure to offer you greater control over your assets and an active role in the governance of the trust. We can also provide support with administration and related maintenance of the structure to ensure protection of your specialised assets and regulated access to your wealth by younger generations.
DLA Piper is a global business law firm operating through various separate and distinct legal entities. We have more than 4,200 lawyers in over 75 offices in Asia Pacific, Europe, the Middle East and the Americas. With a direct presence in over 30 countries, we are able to represent you in a broader range of jurisdictions than virtually any other law firm in the world. Our commitment to you is our brand: everything matters when it comes to the way we serve and interact with you. If it matters to you, it matters to us.
WHere We are
AUSTRALIA Brisbane Canberra Melbourne Perth Sydney
BELGIUM Antwerp Brussels
BRAZIL São Paulo
CHINA Beijing Hong Kong Shanghai
CZECH REPUBLIC Prague
GERMANY Berlin Cologne Frankfurt Hamburg Munich
ITALY Milan Rome
KUWAIT Kuwait City
MEXICO Mexico City
MAURITIUS Port Louis
NEW ZEALAND Auckland Wellington
RUSSIA Moscow St. Petersburg
SAUDI ARABIA Riyadh
SLOVAK REPUBLIC Bratislava
BOSNIA- HERZEGOVINA Sarajevo
ETHIOPIA Addis Ababa
DLA PIPER RELATIONSHIP FIRMS
SOUTH KOREA Seoul
UKRAINE Kyiv UNITED ARAB EMIRATES Abu Dhabi Dubai
UNITED KINGDOM Birmingham Edinburgh Glasgow Leeds Liverpool London Manchester Shef�eld
UNITED STATES Albany Annapolis Atlanta
SOUTH AFRICA Cape Town Johannesburg
TANZANIA Dar es Salaam Mwanza
Atlantic City Austin Baltimore Boston Chicago Dallas Florham Park Houston Los Angeles La Jolla Miami Minneapolis New Jersey New York
Northern Virginia Philadelphia Phoenix Raleigh Sacramento San Diego San Francisco Seattle Silicon Valley Tampa Washington, DC Wilmington
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This publication is a general overview and discussion of the subjects dealt with and is