While being a high-net-worth individual can bring greater financial security, it also means there is often more to think about in order to plan effectively.
Issues high-net-worth individuals often face include:
- The complexity of UK tax laws – especially if you also have international assets
- Assets held in different structures (i.e. trusts, businesses, investment companies, rental property)
- Asset protection
- Protection of privacy
- Succession planning for business
