Greg Limb has been a partner at KPMG in the UK since 2008 and acts as the global lead for family office and private client and is also head of family office and private client in the UK.
Greg has more than 30 years of practical tax experience and specialises in advising ultra-high net worth individuals, family offices and entrepreneurs on their domestic and international tax affairs. Greg also advises a wide range of international trusts and their beneficiaries on their UK and global tax affairs and has been instrumental in the creation of many of these trusts (and similar structures). Greg has extensive first-hand knowledge of creating, maintaining and advising on family office structures both for UK based families and for non-UK based families. Greg has also received multiple industry accolades and has been named in EPrivateClient’s 50 most influential and in the top 10 of Spears 500.
What must private clients consider as they transfer their wealth to the next generation and to philanthropic causes?
C Hoare & Co is the UK’s oldest private bank, founded in 1672 and still family owned, with a long history of philanthropic practices across its 11 generations. This culminated in the formal appointment of a head of philanthropy in 2018, an appointment bestowed upon Rennie Hoare, one of the bank’s youngest partners.
Philanthropic activity is broadly a family affair that may involve carrying the reigns and building on the activity of previous generations, creating programmes for closeknit family units, equipping the next generation with the habits and skills they will cherish, or creating a sense of identity for large and disparate family groups.
Ultra-high net worth individuals (UHNWIs) inevitably have cross border aspects to their affairs. They own assets in and/or have connections to multiple jurisdictions around the world and as such, in advising them, an awareness of international succession law is vital.
The year 2020 will see family offices invest tactically and bolster their cyber security in the face of uncertain geopolitics, while family values are promoted to retain top talent and next gens lead the charge on digital streamlining.
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