Article Search

Back Issue Archive


STEP Journal: February 2018 - Full Issue

  • Foreword - February 2018Welcome all to the first issue of the STEP Journal in 2018.
  • The joys of springThe move to one major fiscal event per year in the UK should result in greater clarity, writes Simon Hodges
  • Roaring trade?As Britain’s post-EU future hangs in the balance, Richard Frimston wonders whether the British lion will have anything to roar about
  • Generation gamesIt is important to maintain flexibility to help mitigate family disputes, says Sally Edwards
  • Navigating transfersMichael Giraud and Steve Gully explore the problems that can arise in the transfer of trusteeships
  • Stepping backAfter playing an extremely active role in STEP for 23 years, from committee member to Chief Executive, David Barnes TEP is winding down his Society responsibilities. He met with us to discuss his time at STEP and his views on the future of the organisation
  • To protect and to preserveAlan Taylor considers the importance of incorporating appropriate asset protection in wealth and succession planning
  • Untying the knotMarcus Dearle examines the treatment of trusts in the context of divorce in Hong Kong
  • Commonwealth of opportunityHenry Brandts-Giesen and Sarah Kelly outline the rules on foreign investment and permanent residency in New Zealand
  • Up in the heirMany in Malaysia do not have an adequate estate or succession plan. Here, Azhar Iskandar Hew provides practical tips for advising such clients
  • The feel-good revolutionWhy environmental, social and governance investing is coming of age. By Dr Ruzhen Li
  • The price of charity in ChinaNew charity regulations in China are a game changer for foreign NGOs and charities, writes Oliver Tang.
  • Identity and legacyA Family’s values and social capital can define its core purpose, educate the next generation and lead to greater prosperity, writes Rupert Phelps
  • The cross-border minefieldDonor-funded work is being jeopardised globally, but giving is still possible, writes Ted Hart.
  • Happy returnsClients’ expectations for their investments are changing, and advisors must grasp the resulting opportunities, says Juliet Valdinger
  • A maze with little guidanceJacopo Crivellaro and David Gershel discuss tax and non-tax considerations for high-net-worth individuals’ philanthropic activities
  • EU confidentialSignificant changes to data-protection rules are affecting structures that aim to restrict information to beneficiaries and others. Chris Moorcroft, Jo Sanders and Caroline Rao look at the implications
  • The fiduciary roleIn August 2017, the hard drive of late author Sir Terry Pratchett was crushed by a steamroller in accordance with his wishes. Louise Lewis examines the UK legal issues surrounding this unusual request
  • Death, divorce and the family businessHow the Succession (Scotland) Act 2016 changes the provisions for divorced spouses in relation to business succession. By Peter Murrin
  • Generational shiftIn November 2017, 12 experts in the wealth management industry met at The Fullerton Hotel, Singapore, for a STEP Journal roundtable, sponsored by First Names Group, on current trends for high-net-worth entrepreneurs and entrepreneurial families in Asia.
  • A blueprint for tax efficiencyShelly Meerovitch and John F McLaughlin explain how purchasing private placement life insurance within US trusts can improve tax efficiency.
  • Dynastic dynamismRichard Niedermayer addresses the tax and non-tax considerations for dynastic trusts established under the law of Nova Scotia, Canada
  • Haus and homeKlaus Pfeiffer introduces the tax and legal implications of buying and selling real estate in Austria.
  • Book Review: Litigating Trust Disputes in Jersey: Law, Procedure & RemediesBook Review: Litigating Trust Disputes in Jersey: Law, Procedure & Remedies

STEP Journal: December 2017 - January 2018 - Full Issue

  • Foreword - December 2017-January 2018Seasons greetings! I like to think that many of you will take this last issue of 2017 with you on your year-end holidays with your loved ones
  • Open seasonGlenn Cowie and Simon Perchard on the global push for transparency
  • Accidents will happenJenny Wilson-Smith warns of the consequences when a trust changes residency accidentally
  • The Informed TrusteeJulie Hutchison introduces a new STEP course which addresses some of the key barriers facing charities today
  • High fliersWe are pleased to announce the highest-scoring students from the 1 January 2017 to 30 June 2017 sittings across all STEP exams globally
  • Life in harmonyGlenn Stephens explains the new exemption test for Canadian life insurance policies, which introduces a more comprehensive, harmonised tax regime
  • The LAP of luxuryStuart Chapell explains the inheritance tax regime applicable to trusts containing life assurance policies
  • Distribution and throwback, part 2Danilo Santucci summarises further strategies to address the US throwback rules
  • Public registers: cui bono?Paolo Panico tracks the progress towards central registers of beneficial ownership across the EU
  • Out of this worldLouise Benjamin delves into Luxembourg’s initiative for asteroid space mining
  • A slice of dolce vitaAndrea Tavecchio and Riccardo Barone discuss taxes on residential property in Italy
  • Rolling out the red carpetAdea Meidani and Rosemary Billard-Moalic on the latest changes to the French income tax act that favour expatriates
  • Game changer for Swiss trusteesSandrine Giroud and Matthias Gstoehl detail the introduction of a regulatory regime for trustees under the Swiss Financial Institutions Act
  • Countdown to JulyPaul Foster Millen and Peter Cotorceanu ask: are US corporate trustees about to be ambushed by FATCA?
  • Trust in transparencyHow can practitioners remain transparent while complying with FATCA and CRS? Rachel Keates examines the challenges
  • Prevention is better than cureMartin Callaghan explains how to comply with the latest UK rules on the failure to prevent the facilitation of tax evasion
  • Upping the antiRupert Clarey and Nick Beresford analyse the EU’s Fourth Anti-Money Laundering Directive and beneficial ownership reporting obligations for trusts
  • The farm, the farmhouse and the RNRBJulie Butler explains how the residence nil-rate band can apply to a farmhouse
  • Succession 2.0Leti McManus and Dr Ariel Sergio Goekmen show how moving family companies forward through IPOs can be dovetailed with succession planning
  • Axe falls on the executorTracy Harris discusses a recent UK court ruling on the removal of an executor
  • The art of lendingAzmina Jasani frames the issues to consider before loaning art to museums
  • International dialogueGlobal reporting requirements and the challenges of supporting multi-jurisdictional clients were the topics of debate at a recent STEP Journal roundtable, sponsored by BDO and held in New York Words: Helen Swire
  • Book review: Advising the Family Owned BusinessBook review: Advising the Family Owned Business