Having our investments, property and estate managed in a tax efficient manner is a start, but if we drop dead tomorrow, god forbid, is there a clear way forward? A Will can be a very simple document short and concise, or very detailed and convoluted. A Will can be a very powerful document and can in most jurisdictions save much time and heartache at a very difficult time. Why then on average do 50-60% of people not have a Will in place, and close to 80% of those under age 35?
What would be the practical and financial consequences if you were to die suddenly, or through accident or illness be unable to continue working? Life Assurance and Accident insurance is a financial safety net for unforeseen and tragic events. No one expects or thinks they will die prematurely or that it will happen to them. By paying a periodic premium, you are effectively contributing to a pool which can be used to pay a lump sum to your survivors in the event of your sudde
Common Reporting Standard (CRS) Increasing tax revenue on unreported assets is a key role for tax agencies around the world and in recent years governments have become much more aware of the large amounts of undisclosed wealth held in offshore accounts. The problem has been that without the information being available on these assets, then how can they be taxed? The introduction of the Foreign Account Tax Compliance Act or “FATCA” by the Internal Revenue Service in March 2010
George Osborne’s emergency budget in July 2015 proposed a number of changes to curb tax allo-wances availabe to non-doms living in the UK. Under the current climate of maximising tax revenue and the view that to legally avoid paying tax is "morally wrong", we now see a new set of rules coming into force that will not only affect the affluent "few" non-doms who live in the UK but also those who are originally from the UK and have married (or not) a partner from another country
Many think wealth management is simply a question of saving as much as you can, managing those assets to provide a comfortable retirement and being heavily insured to protect the family, think again. With the introduction of the Common Reporting Standards slowly being accepted and adopted by more countries, Estate Planning is becoming much more crucial to Families financial planning in all jurisdictions. Producing a long-term financial plan to meet your future costs of both t