Individuals with significant wealth from inheritance or successful business endeavors face a multitude of tax issues when they undertake:

• Wealth management and preservation;
• Estate planning;
• Business and investment transactions;
• Philanthropic activities;
• Superannuation, retirement and compensation planning;
• Change of country of residence;
• Marital settlements;
• Annual income tax planning and compliance.

Issues may arise in one or more jurisdictions. Co-ordination with other business and financial advisors and attention to timing of transactions is crucial to successful planning. Coordinated planning avoids duplication of taxes or efforts, and tends to produce better results than piecemeal planning for individual transactions.

Enslin and Associates is retained on a regular basis to work as part of a team with high net worth individuals and their advisors in these areas. Engagements are initiated by the client personally or the client’s accountants, lawyers, local or overseas tax advisors, financial institutions or other professionals.

As estate planning often interacts with plans for changing control or ownership of a family business, we regularly bring the relevant tax rules together to offer clients an integrated set of choices with both the business and estate tax implications clearly identified.

We can also assist clients to structure charitable gifts to existing public charities or to establish private charitable trusts or foundations and obtain tax exempt and/or gift deductible status to achieve not only good tax results but also desired philanthropic objectives.

We also advise on how best to structure a retirement plan for a closely-held business or prepare for disposition of assets held in a retirement plan. Finally, where planning requires coordinating the interests of multiple individuals, we work in co-operation with advisors representing other members of the family.

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