Wealth Structuring—Common Considerations

This chapter sums up and describes nine considerations that might prove to be useful input when considering wealth structuring: (1) Wealth structuring can be complicated; (2) distinction between common and civil law; (3) differences among jurisdictions; (4) difficult to make cost-benefit analyses when results are intangible; (5) structures are dynamic—they might need to evolve; (6) structuring requires openness; (7) structuring requires commitment, knowledge, and priority (there are many “reasons” for not pursuing a proper structure); (8) trusts can be challenged; and (9) types of assets. Given the multitude of factors and considerations, it is important—and probably necessary—to work with specialists.