28th Annual International Private Client Conference: New realities in the private client practice
5 Mar - 7 Mar 2023
Session information
Responsibilities of advisors; tales of the unexpected
Tuesday 7 March (1100 - 1215)
Description
The legal world has been working at short breath. Clients want answers to their questions that are often sent by e-mail or messenger provider systems at once. However, their matters have a longer breath, and solutions provided may no longer be fit because circumstances have changed. Such changes can occur anywhere between highly personal issues such as sudden hostile divorces, spontaneous planning-free marriages, death or birth of persons entitled to an estate, the falling-out with relatives, the rise or fall of family fortunes, sanctions imposed on the client or a family member, changes in the law and in the taxation, and unexpected changes in the order of decease.
· What happens if the legal solutions suggested by the legal team do not reflect the change nobody expected?
· As from when is there exposure for the law firm and/or advising lawyer?
· What is the legal standard to take changes into account?
· How much change expectation must we bear when advising?
Session / Workshop Chair(s)
Ellen Kratzer | Fiduciary Trust Company International, New York, New York, USA |
Markus Zwicky | Zwicky & Partner, Zug, Switzerland; Membership Officer, Private Client Tax Committee |
Speakers
Rachel Mainwaring-Taylor | MEUM Law, London, England; Treasurer, Private Client Tax Committee |
Stella Strati | Patrikios Pavlou & Associates, Limassol, Cyprus |