Middle Eastern Family Wealth
A guide for wealth holders and their advisers
Unlike other regions around the world, a very high percentage of private sector businesses are family-owned. Many of the successful businesses are managed by first generation founders, often the family patriarch. As these businesses have matured and grown there is an increasing need to protect the core business assets, as well as the families’ personal assets.
Succession planning and the preservation and distribution of wealth are issues that need to be very carefully considered, and approached with as much care – if not more – than business planning. Protecting wealth in a manner that respects both the founder’s wishes, even beyond death, and family principles and customs is important.
Doing so properly requires the use of international structures, using a variety of both legal vehicles and jurisdictions. Some of these tools are well understood by Middle Eastern wealth advisers, while others remain relatively unknown. This guide provides a comprehensive introduction to the various concepts involved, and tackles in great depth all of the most common solutions.
Download our comprehensive guide to structuring family wealth offshore.
What’s in the report?
The twenty six page report draws on the expertise of three directors from Boston’s international fiduciary team, who are specialists in family offices, trusts and foundations, and private trust companies. It covers the following elements in significant depth within the specific context of meeting the needs of Middle Eastern families:
- Why structure family wealth?
- What is a family office?
- When are family offices useful?
- The importance of asset segregation
- Managing succession planning
- Sharia law compatibility
- Different wealth structure vehicles
- Private trust companies
- Complex structuring
- Analysis of leading offshore jurisdictions
The report includes maps, charts, and tables to present this complex subject matter in the most accessible format possible.
Meet the Authors
A family office expert with a particular focus on Middle Eastern markets, Katherine is a regular visitor to Dubai and Abu Dhabi, having founded Boston’s Dubai office in 2016.
Sarah is an international authority on trust structuring, with a diverse portfolio of trust clients covering both private and commercial uses in a number of different jurisdictions around the world.
Managing Director, Fiduciary
Alex runs Boston’s global fiduciary services offering, and is a specialist in the use of foundations and private trust companies to build robust international wealth structures.