Diverse dynastic drivers - Rosie Schumm and Emma White participate in STEP Journal roundtable

Family partner, Rosie Schumm, and Private Client senior associate, Emma White, participate in STEP Journal roundtable.

The STEP Journal roundtable took place in July 2019 and gathered 11 wealth management experts to discuss the challenges of trust and estate planning for internationally mobile families.

During the discussion Emma White TEP, highlighted the importance of building flexibility into wealth plans: "It's important not to plan for simplicity at the expense of maintaining flexibility. It's all very well to have direct personal ownership of assets, where it's apparently clean and simple, but, in the context of global instability and internationally mobile families, the best they can have is flexibility. And quite often there will need to be an element of structuring in place to allow that."

Whilst Rosie Schumm explained the benefits of nuptial agreements: “When we put pre-nups in place for internationally mobile families, we're trying to guarantee certainty for the family, juxtaposed against the element of uncertainty about where they're going to be living".

The full STEP Journal write up on the event can be found here. Helen Swire, ‘Diverse dynastic drivers’, STEP Journal (Vol27 Iss8), pp.68-71.