Help, I m Rich!: Your Compass to a Value-Adding Private Banking Experience

Chapter 13 Purposes of Wealth Structuring

Wealth structuring serves many purposes, both during and after life. The seven purposes we identify for structuring during life are:

1. Confidentiality
2. Asset protection
3. Tax planning
4. Business structuring
5. Philanthropy
6. Retirement or emergency contingency planning
7. Special (specific) purposes

With regard to structuring with an after-death horizon, we identify the following three purposes:

1. Taking care of dependents
2. Business continuity
3. Philanthropy

In generic terms, we have already explained the purpose of wealth structuring: to create order to address wealth-related concerns and to achieve what you wish to achieve with your wealth. If we dig one purpose-level deeper, then we could summarize the purposes of wealth structuring as shown in Figure 13.1.

Figure 13.1 Purposes of Wealth Structuring

In this chapter we take a closer look at the specific purposes that we have identified in the figure.

Purposes of Wealth Structuring during Life

In Figure 13.1 we identify seven purposes of wealth structuring that benefit the wealth owner during his lifetime.

Confidentiality

Article 12 of the Universal Declaration of Human Rights states:

No one shall be subjected to arbitrary interference with his privacy, family, home, or correspondence, nor to attacks upon his honor and reputation. Everyone has the right to the protection of law against ...