Estate and Succession Planning for a High Net-Worth Individual (HNWI)
A high net-worth individual with significant global assets sought the assistance of Bolder Group in estate and succession planning. The client’s assets include real estate, investment portfolios and international business interests.
The client wanted to ensure his wealth is protected and passed down to their heirs in the most cost-efficient manner possible. The client consulted with Bolder Group for private wealth services, specifically estate and succession planning. They presented their challenges, and these are the solutions that we provided:
| Client’s Challenges | Bolder’s Solutions |
|---|---|
| The client’s financial holdings are complex, and they wanted to ensure they are managed and distributed correctly and cost-efficiently. | Bolder Group’s private wealth experts worked with the client and their advisors to develop a comprehensive state plan, considering the client’s complex financial holdings, family dynamics and tax implications. We identified potential tax liabilities and implemented strategies to minimise those liabilities. |
| The client wanted to ensure all their heirs are provided for, manage their expectations and avoid any potential disputes. | Bolder provided trust and fiduciary services to the client so that their wealth is managed property and distributed according to the estate plan and the client’s wishes. These services would prevent disputes among heirs and ensure a smooth transition of wealth in the future. |
| The client wanted to be aware of all the tax implications of all their estate planning decisions, which included estate taxes and gift taxes imposed on the heirs. | Bolder assisted the client and worked with their advisors on tax planning and compliance. We identified and minimised potential tax liabilities, ensuring the client’s estate plans complied with any new law or regulation. |
In addition, Bolder Group provided wealth management services to the client to ensure their assets and investments align with their goals. Our wealth management solutions cover monitoring and adjusting investment portfolios to meet the client’s risk tolerance and financial objectives.
Bolder worked closely with the client and their advisors to meticulously analyse the client’s financial holdings, family dynamics and objectives. This allowed us to develop a bespoke and strategic estate and succession plan that aligns with the client’s goals.
We continue to work with this client, who enjoys peace of mind knowing their wealth and legacy are secured.
Preserve your legacy with our private client solutions. Let’s talk about your estate and succession plan.