This was a great event for so many reasons. In our industry, we hear about rapid changes A LOT, but I left the event with a sense that the trajectory is increasing at an unprecedented rate. All of my take-aways were based on this: ▶ In the Great Wealth Transfer, it’s expected that between $60 and $84 trillion will be transferred from boomers to their heirs between now and 2045 (with a substantial portion occurring by next year), ▶ Rapidly increasing mental capacity concerns have trustees considering the need for established, in-office, mental health training, ▶ Rapid changes in are also occurring in the Middle East, with the next generation of wealth owners moving towards more westernised approaches to wealth management within families. Really interesting conversations also around the use of foundations as opposed to trusts and other alternatives, and the prospect of mandatory ESG in trust structures. Richard Shirreff bought the house down with his keynote on building resilience in businesses, drawing on the current geopolitical landscape to present his step- plan. Thank you to Mourant, Katie Hooper Stephen Alexander for a compelling, fascinating day. #GreatWealthTransfer #Mourant #Jersey #ChannelIslands
Thank you to everyone who attended our annual Trusts and Private Wealth Forum in Jersey on Tuesday. The event covered discussions on topical issues facing the sector, including de-coupling mental capacity, fiduciary decision making, and innovative uses of foundations, alongside recent case updates. The 2024 line-up featured speakers from 3PB Barristers, Macfarlanes, R&H Trust & Corporate, RBC, Stewarts, Sullivan & Cromwell LLP, VISTRA, and Withersworldwide, concluding with a thought-provoking keynote address from Sir Richard Shirreff, former NATO Commander and British military chief. Thank you to our sponsor RBC for supporting the event. Look out for our upcoming top takeaways from the panels.
Sounds great Kelly Martingale. Really insightful!
Thank you for attending and for the great feedback, Kelly. It was great to see you there!