Earlier this month, Peter Steen, Partner in Private Wealth Disputes chaired a discussion with our panel Charlie Sosna, Partner in Tax & Wealth Planning London, Simon Michaels, Partner in Tax & Wealth Planning Singapore and Emilia Piskorz, Managing Associate in Private Wealth Disputes on Trust Stress Testing and the biggest challenges for various stakeholders in a trust context.
In particular, they discussed topics such as trustees inheriting existing structures, the issues and risks of a dominant settlor and/or beneficiaries, inter-generational issues and potential third party attacks on structures, including creditors, tax authorities and transparency and reporting issues.
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