STEP Journal: November 2017

This issue’s special focus is on industry trends, with the US and Canada as the regional focus. This theme is particularly well timed in that there is an increasingly visible focus on the US in worldwide private client planning.

Richard Frimston looks at issues arising out of the EU Succession Regulation.

Elaine Gray considers how UK employers can proactively address mental health in the workplace.

Betsy Brill and Joan Sherman examine, from a US perspective, how advisors can best support philanthropic clients.

Sheena Grattan highlights some of the differences in succession law between Northern Ireland and England and Wales.

Danilo Santucci summarises strategies to address the US throwback rules.

Michael Cadesky highlights the key points regarding the taxation of Canadian residential real estate for non-residents of Canada.

Asian families may wish to consider the unfamiliar concept of the trust in their planning for US assets, writes Lucy S Lee.

Daniel Frajman examines the major private- and tax-law aspects of the three vehicles of trust, substitution and usufruct in Quebec.

Shelly Meerovitch and John F McLaughlin examine the complex trade-offs and diverse outcomes of pre-immigration planning for those moving to the US.

Leigh Sagar highlights the capital gains taxation of bitcoin and other digital cryptographic tokens.

Middle Eastern families are increasingly seeking bespoke structures, writes James Campbell.

Matthew Shayle explores the proliferation of family offices and the resultant opportunities for STEP members.

Michael Giraud and Dale McNutt look at the trend of banks ‘de-risking’, and what that means for trustees.

David Welsh discusses the rectification of wills under the Succession (Scotland) Act 2016.

Michael Perkins and Adam Steen explain the findings of a recent survey on trustee education in Australia.

How can practitioners deal with disputes arising from deathbed gifts? Scott Taylor examines a recent case.

In August 2017, ten prominent figures from Jersey’s private wealth industry met for a roundtable discussion, sponsored by Jersey Finance and held at its bay-view office. Topics included their experience of reporting under FATCA and CRS; Jersey’s position at the forefront of regulatory implementation; public versus private registers; and the future of Jersey’s advisory sector.

A sampler of the latest Trust Quarterly Review (volume 15, issue 3, 2017), published by STEP in association with TACT.

Globe Law and Business has recently published a third edition of the STEP publication A Practical Guide to the Transfer of Trusteeships. Here, Toby Graham TEP, one of the three editors of the title, explains the background to the Guide and the issues it seeks to address.