DISCLAIMER:

While the letters below are based on actual cases and clients, any resemblance or similarities to any persons either living or dead is purely coincidental.

The letters are also not to be interpreted as an explicit or implied provision of legal advice.

Rosendorff Lawyers do not advocate violence in any way whatsoever and also do not advocate calling anyone a “lying rodent.”

I have been running several successful international businesses for a number of years. However, being a pioneering entrepreneur has its drawbacks and I am constantly worrying about what will happen to me and my family if one of my businesses collapses. The last thing I want is to expose myself and my family to the vagaries and risk of international business.

Also, how can I protect my assets that if anything happens to any of my companies, I can retain the heart and soul of my business and continue trading?

I also want to ensure that my considerable wealth stays in the family if anything should ever happen to me.

Is there anything I can do to minimise our exposure and risk?

Yours anticipatingly,

C.Skase

Reply:

Dear C,

There are a number of ways by which we can insulate both you and your family from the risk associated with running a business while at the same time safeguard your and your family’s assets.

Our proven bullet-proof protective structuring strategies involving discretionary trusts, unit trusts, hybrid trusts, fixed and floating charges, and firewalls are exactly what you’re after.

We can also implement a proven succession planning strategy to make sure that your family remains well looked after if something does happen to you.

And we can do all this for a lot less money than you might have thought. You will even have enough left over to take the family on an extended holiday. I hear Spain is fabulous this time of year!