12 September 2023
Spector Constant &Williams Partner Nick Gova featured in Campden FB
Family Law Partner Nick Gova has written an article for family business and family office publication Campden FB, looking at how to protect family trusts during divorce.
The article considers how such structures should be capable of adapting and, if necessary, absorbing a certain amount of damage, during and after a divorce. It also looks at the powers a family court has, and how nuptial agreements are useful for asset protection.
"Wealthy families are starting to pre-emptively set up structures to protect family wealth but doing so improperly could expose such structures to divorce proceedings, thereby detrimentally impacting hard-earned, well-established and even generational family wealth”, writes Nick.
The article concludes with seven top tips that trustees should consider.
Please note that this post has been prepared for the purpose of providing general information in a non-specific situation. Legal advice should be taken in relation to your particular circumstances. It is not intended that this post is relied upon by any party, and no liability is accepted for reliance.