STEP Journal: April 2014

Tuesday, 01 April 2014

This, the third issue of the STEP Journal in 2014, has a Crown Dependencies focus and also contains features on family businesses, as well as columns from our regular contributors, Martyn Gowar, John Harper, Richard Frimston and Val Cox.
Section
Published date
01/04/2014
Martyn Gowar considers how trustees should act in circumstances where they are answerable to beneficiaries for decisions made by investment advisors.
Section
Published date
01/04/2014
Richard Frimston considers how habitual residence will be determined where elderly adults lack capacity.
Section
Published date
01/04/2014
When is a trust not a trust? And when is a company not a company? Patrick Delas explains.
Section
Published date
01/04/2014
Practitioners in the Isle of Man face new laws and regulations - the UK’s statutory residence test came into force, the Isle of Man Disclosure Facility opened, and new reporting obligations under the intergovernmental agreements signed with the US and the UK are on the way.
Section
Published date
02/04/2014
John Harper looks at the provisions of sections 31 and 32 of the Trustee Act 1925.
Section
Published date
01/04/2014
Stay too long in your comfort zone and you might find yourself stuck in a ‘comfort box’ that stops you learning new skills. Val Cox offers an escape route.
Section
Published date
01/04/2014
The Crown Dependencies of Guernsey, the Isle of Man and Jersey have enacted foundations legislation in recent years. Here, an industry expert from each of the Dependencies reviews their island’s foundation regime.
Section
Published date
02/04/2014
Laila Arstall charts Guernsey’s path to automatic exchange of information.
Section
Published date
01/04/2014
Elaine Gray stresses the importance for trustees of adopting limited recourse language, in light of the Royal Court of Guernsey’s decision in Investec Trust (Guernsey) Ltd and others v Glenalla Properties Ltd and others.
Section
Published date
01/04/2014
Kevin O’Loughlin reviews a case demonstrating the Isle of Man’s treatment of privacy in trustee applications.
Section
Published date
01/04/2014
Kevin O’Connell on the rise of the family limited partnership in the Crown Dependencies.
Section
Published date
01/04/2014
Over the last year or so, several Liechtenstein Stiftungs have migrated to Jersey. Steve Meiklejohn explains that this is largely down to Liechtenstein’s new tax legislation.
Section
Published date
02/04/2014
In December 2013, Guernsey introduced the 2-REG, the Channel Islands Aircraft Registry. Here Fiona Le Poidevin explores what it offers international clients
Section
Published date
01/04/2014
The second STEP Journal roundtable, sponsored by Northern Trust, saw family business advisors gather together for an animated discussion about philanthropic trends, how best to achieve an orderly succession, and wealth-structuring strategies.
Section
Published date
01/04/2014
Debbie King explains why family business advisors need to take a more active role.
Section
Published date
01/04/2014
Hannah Downie speaks to Peter Leach, founder and Chairman of Peter Leach & Partners and winner of STEP’s Family Business Advisor of the Year award 2013–2014.
Section
Published date
01/04/2014
Ken McCracken of Withers Consulting Group, and lead author on the STEP Advanced Certificate in Family Business Advising, considers how families themselves see the role of the advisor, and the importance for advisors of becoming ‘professionally ambidextrous’.
Section
Published date
01/04/2014
Ian Slack and Richard Joynt speak to Hannah Downie about the changing dynamics of the single family office and multi-family office market.
Section
Published date
01/04/2014
When crisis strikes a family business, advisors need a clear plan, with an emphasis on honesty, to minimise reputational damage, write Alex Finnegan and Richard Meredith.
Section
Published date
01/04/2014
Richard Bertin on why planning is key to preserving the legacy of a family business.
Section
Published date
01/04/2014
Penny Lovell explores the longevity of family businesses in Scotland and highlights the issues that need to be addressed during family business succession planning.
Section
Published date
01/04/2014
Dr Ákos Menyhei and Dr Krisztina Gyepes present a practitioners’ guide to Hungary.
Section
Published date
01/04/2014
Natasha Miklaucic and Stephanie Wong outline the Canada Revenue Agency’s Voluntary Disclosure Program.
Section
Published date
02/04/2014
How many extra services must a property-letting business provide to be deemed ‘mainly’ a trading business, and therefore qualify for inheritance tax business property relief? Julie Butler weighs up a recent case.
Section
Published date
01/04/2014
Fiona Fernie explains the latest developments in international tax reporting agreements.
Section
Published date
01/04/2014
Tina Cockburn reviews Statutory Will Applications: A Practical Guide, which provides a timely and valuable contribution to Australian succession-law scholarship and will also be of great interest to comparative law scholars.
Section
Published date
01/04/2014

The content displayed here is subject to our disclaimer. Read more