The Covid-19 pandemic has resulted in unexpected and unusual legal and commercial challenges for many of our clients, as well as the prospect of a significant economic down-turn.
Lockdowns, travel restrictions, falling markets and serious illness all raise concerns for private clients with UK connections. Is your estate planning up-to-date?
Do travel restrictions impact on your tax status, or those of a company you are director of? Do you need to make use of family trust assets? Can you vary your divorce settlement?
Many wealthy individuals have made donations to help the global effort to combat Covid-19 and those most affected by the pandemic, and more will be looking to see how they can support the economy during the recovery phase. How can you maximise the impact of your charitable giving?
Looking ahead, tax changes are likely as the UK moves out of lock-down and begins to re-open – both in the short-term to help re-start the economy and in the longer-term to pay for the Covid-19 relief measures. How will these changes impact on you, your family and your business?