‘We have geopolitical risks in various pockets of the world at the moment, and that means that the UHNW community is thinking ever more carefully about structuring options,’ observes Piers Master, who’s received an influx of asset structuring enquiries recently, particularly from the Middle East.
Master is a go-to adviser for a range of tax matters from trust to succession and estate planning. He leads the international group of Charles Russell Speechlys’ private wealth arm.
He often asks clients to consider the matrimonial landscape of a country before migrating there. ‘I would ask what state their marriage is in, and they sometimes raise an eyebrow or two,’ he laughs.
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