Private Client

Succession Planning

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Building wealth takes a great deal of time and effort. It’s important to put in place a strategy for passing your wealth to future generations in order to protect value and family legacy.

 

Jewellery, recipes and watches. All such things that are passed down through generations. Why should your overall wealth and assets be any different?

Fairway works with many prominent families to discuss the preservation and passing on of wealth and assets to the future generation. A large majority of these families are based across the GCC and we assist with the creation and implementation of a clear and all-encompassing succession plan. Many families from civil law jurisdictions look to Jersey to create structures to ensure the smooth transition of wealth.

 

Forced heirship principles in certain jurisdictions erodes the testamentary freedom afforded to families. Fairway can work with families and their advisers to establish structures that are legally enforceable to own assets for the benefit of future generations.

Our succession planning services include:

Review of family charters and letters of wishes

Shariah scholar advice

Administration services

Asset protection

Consolidation of ownership and control of assets

Compliance support

Financial reporting

Foundation services

It is important to engage in conversations during one’s lifetime so that any strategy is underpinned by three distinct elements:

  • Preservation of wealth
  • Ongoing protection and enhancement of wealth; and
  • Distribution of wealth
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Fairway and the administrative team are very responsive, supportive and commercial in their management of our property portfolio. I would happily recommend the Fairway team as specialists in the real estate and administration services field.

A private client of Fairway Trust

Headshot of Mark Andrews

Mark Andrews .

Managing Director, Private Client

Jersey

Meet Mark
Headshot of Christian Falle

Christian Falle .

Director, Private Client

Jersey

Meet Christian

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We are delighted that Jodie Gray, Director, Private Client, has been featured in Thought Leaders 4 Private Client Magazine Issue 24, in the '60 Seconds Interview'.

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For many families, wealth provides security and opportunity, and when settled into trust, continuity across generations. Significant wealth often requires complicated trust structuring. As wealth structures become increasingly international and family situations more complex, when combined with beneficiaries who are often more informed, engaged and willing to challenge decisions they see as unfair, differing expectations, family tensions, changing personal circumstances and questions around control can all create an environment for disputes and greater scrutiny of trustees.

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The Accidental Global Family: Why Modern Wealth No Longer Has a Home Country

Fairway are proud to have our work published in Thought Leaders 4 High Net Worth Litigation and Advisory Magazine, Next Gen Wealth Edition, Issue 24. Mark Andrews, Managing Director, Private Clients, discusses how increasingly international lifestyles are giving rise to the "accidental global family" and reshaping the way wealth, succession and long-term planning are approached. As future generations become more globally mobile, flexibility and cross-border thinking are becoming just as important as preserving wealth itself.

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