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Kimika Roberts

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Kimika Roberts
Intertrust (Bahamas) Limited

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What is covered under Private Wealth Legal Practice?

Private Wealth Legal Practice offers specialized legal guidance to individuals and families with significant assets. This practice area encompasses estate planning, wealth preservation, setting up trusts and foundations, tax planning, succession strategies, and asset protection. Lawyers work closely with clients to navigate complex financial situations, including charitable giving and family governance, to ensure their wealth is preserved and transferred smoothly. They draft wills and trusts tailored to each client’s unique circumstances and provide advice on international wealth matters. Ultimately, their goal is to help clients protect their assets, meet legal requirements, and secure their family’s financial future across generations.

Private Wealth FAQ's

A private wealth lawyer helps clients manage and protect their personal wealth through legal strategies. They provide advice on estate planning, trusts, tax implications, and succession to ensure assets are preserved and transferred according to clients’ wishes. They also assist with charitable giving, asset protection, and navigating complex family or business relationships that impact wealth management.

Private banking offers personalized banking and lending services to high-net-worth clients, focusing mainly on deposit accounts and credit facilities. Wealth management is broader, providing comprehensive financial planning, investment advice, tax strategies, and estate planning to grow and protect client wealth over time.

Yes, private wealth lawyers are essential partners in estate planning. They help clients create wills, establish various types of trusts, and design succession plans that align with personal goals and family circumstances. By carefully addressing tax consequences and potential family issues, they work to ensure the smooth distribution of assets while minimizing disputes and legal complications for heirs.

Absolutely. Private wealth lawyers develop tailored tax planning strategies aimed at reducing liabilities on income, estates, and gifts. Collaborating with financial advisors and tax experts, they craft plans that comply fully with tax laws while maximizing wealth protection and transfer. Their deep understanding of local and international tax rules helps clients efficiently navigate complex tax landscapes.

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