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In this week’s FB Roundup, Aldi heirs settle their long-running dispute; Russian-born billionaire Alex Gerko is named as the UK's biggest taxpayer; and Gautam Adani loses billions in personal wealth in less than a week.
Everybody with assets should make a will tailored to their circumstances. And ultra-high-net-worth people, especially those with a complicated private life, are no exception. Discover how the Inheritance (Provision for Family and Dependants) Act aims to clear up the validity of a will when the ‘beneficiaries’ are numerous.
Family businesses often possess a wealth of human and social capital that can be harnessed in many different ways. In particular, it is key to find the right path forward for the skills, interests and abilities of next-generation family members so that they can contribute and generate value, says KPMG's Tom McGinness.
With rising volatility in public markets, geopolitical uncertainty and higher inflation, the second half of 2022 saw family office interest in venture capital investing slow significantly, according to Campden Wealth and SVB Capital’s Family Offices Investing in Venture Capital Report.
In today’s challenging economic environment, family businesses are looking for ways to de-risk and diversify their capital strategies, as well as take account of the aspirations of the next generation of family members, says KPMG's Tom McGinness.
While the succession plans of many ultra-high-net-worth families are, according to Campden Wealth’s European Family Office Report 2022, only informally agreed, unwritten or still in the process of development, the family-owned company running luxury goods giant LVMH is running on clear and transparent lines of communication, says Stuart Hatcher.
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