Stonehage’s family office head Andrew Rodger refers to the famous and fictional Dickensian lawsuit of Jarndyce and Jarndyce as an example of why in real life succession planning is vital.
“This is the sort of thing that can wipe families out,” he says.
Caroline Garnham, a partner at law firm Lawrence Graham, agrees. She describes situations where the only concession to succession planning is a letter of wishes with no power.
“The big problem with letters of wishes is very often they’re letters; the
The week on Risk.net, March 10-16 2018Receive this by email