|About the Book|
In November 2014, STEP, the worldwide professional association for practitioners dealing with family inheritance and succession planning, held its inaugural Global Congress, bringing together leading practitioners and industry experts from all overMoreIn November 2014, STEP, the worldwide professional association for practitioners dealing with family inheritance and succession planning, held its inaugural Global Congress, bringing together leading practitioners and industry experts from all over the globe to help formulate policy debate and solutions on issues pertinent to families across generations. The powerful, thought-provoking agenda demonstrates the breadth of the issues attended to by STEP members, discussing and debating challenges and answers to a great range of specialist areas around generational change and inheritance. Taking some of the key themes from the inaugural Congress, Developing a global agenda draws together expert insight and analysis on many of the key issues facing practitioners around the world- from international developments in transparency and compliance, to challenges and opportunities brought by technology, the changing global demographic, and an increasingly global client base. Edited by the internationally renowned private-client specialist Richard Pease, Developing a global agenda features contributions from a host of leading industry experts, including Philip Marcovici- John Riches- Monica Bhatia- Richard Hay- Richard Frimston- Michael Cadesky- Nick Jacob- David Wallace Wilson- Professor Jonathan Harris- Professor Jeffrey Schoenblum- Bruch Weatherill- Aron Pervin- Margaret OSullivan- Rod Genders- Clive Cutbill- Betsy Brill- Paul Stibbard- Kecia Barkawi- Dr Max Ganado, Arielle Goodley and Tim Prudhoe. SECTION 1: THE INTERNATIONAL AGENDA * The need for transparency and dialogue with onshore tax authorities: Philip Marcovicis views on how to engage with national and international tax authorities and achieve meaningful results for our clients. * The Supranational Agenda: A dialogue between Monica Bhatia and John Riches in the form of a discussion about the programmes of the OECD and the the G20 etc. and the views of the industry. * Global transparency - are you ready? Richard Hay on how service provider business models can evolve to cope with transparency * The future of complex tax structures: Nick Jacob and David Wallace Wilson consider the future of tax planning against a background of changes in government policies and public opinion. * The international family - Richard Frimston on the impact of the European Succession Regulation (Brussels IV) inside and outside Europe * Trusts and the influence of foreign law - Professor Jonathan Harris offers some English and offshore perspectives and Professor Jeffrey Schoenblum considers asset protection from foreign claims and judgments in the United States * The Taxpayers Charter: Michael Cadesky reviews the content and aims of the Taxpayers Charter and outlines plans for future contact with international and national authorities. SECTION 2: REFLECTIONS * The principles of good stewardship: John Tafts reflections on the choice for service. * The value of trust: Bruce Weatherill explains what advisors need to do to enhance the trust placed in them by their clients. * The millennial generation: reshaping the advisory conversation - Aron Pervin explores the relationship between the young ultra-high-net-worth generation and their advisors. SECTION 3: SPECIALIST TOPICS * Mental capacity - an international perspective: Margaret OSullivan on problems with capacity and multi-jurisdictional assets * Fiduciary management of digital assets - Rod Genders looks at digital assets and coping with death and incapacity * Philanthropy in the global village - Betsy Brill and Clive Cutbill on effective giving strategies for international families, tax issues and trends. * Weaving philanthropy into the family business - Kecia Barkawi and Paul Stibbard on effective giving in the family business context. * Trusts and the civil law - Max Ganado considers the trend for trusts in civil-law jurisdictions * Asset recovery and litigation - Tim Prudhoe and Arielle Goodley shed light on some of the fundamental tools in asset recovery and litigation offshore.