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Tax and Jurisdictions

Changes to the structure and diversity of trusts offered by offshore financial services centres aim to close loopholes and protect the client. Bob Reynolds looks at how this has prompted other jurisdictions to tighten policy, improve services and boost uptake

Fouad (Fred) H is a self-made man. He arrived in Montreal from Lebanon in the late 1950s at the age of 23 with $150 in his pocket and a pregnant wife, Nieves, whom he met while on vacation in Spain.

Families that have invested offshore to avoid disclosing where they hold their savings must review their options now, say experts familiar with the European savings tax directive. Bob Reynolds explains

BUSINESS FOR FAMILY BUSINESS: pre-nuptial agreements

Following US fashion, older generations of British family businesses are ushering successors to sign pre-nuptial agreements as part of the ownership transfer – even if the contracts aren’t legally binding in the UK. Melanie Stern reports

Britain’s former primer minister John Major wanted wealth to “cascade down the generations” through pension reforms. Now New Labour is tinkering with future of family wealth. Is your family trust fund safe? Matt Pitcher explains