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Next gen: law, life & legacy

241430
As families transform & modernise, experts from Penningtons Manches Cooper chart the changing landscape of private wealth
  • Practical insights for next generation and modern families that are navigating the coming wealth transfer.
  • Explores real-world scenarios, including late-life relationships, blended families, international marriages, surrogacy, vulnerable beneficiaries and cross-border estates.

The private wealth sector is experiencing a generational pivot. Today’s next generation—more globally mobile, values-driven and digitally fluent than their predecessors—is inheriting not only assets but the responsibility to manage and safeguard them across complex family structures and jurisdictions.

Its expectations are for transparency, agility and cross-disciplinary advice in the private wealth sector. At the same time, familiar pressure points such as capacity and vulnerability, marriage and international mobility, and post-death disputes, are appearing in new configurations that demand earlier, holistic intervention.

Family law & intergenerational wealth transfer

Nuptial settlements

When it comes to intergenerational wealth transfer, the potential impact of divorce on family money is often

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MOVERS & SHAKERS

Thackray Williams—Lucy Zhu

Thackray Williams—Lucy Zhu

Dual-qualified partner joins as head of commercial property department

Morgan Lewis—David A. McManus

Morgan Lewis—David A. McManus

Firm announces appointment of next chair

Burges Salmon—Rebecca Wilsker

Burges Salmon—Rebecca Wilsker

Director joins corporate team from the US

NEWS
What safeguards apply when trust corporations are appointed as deputy by the Court of Protection? 
Disputing parties are expected to take part in alternative dispute resolution (ADR), where this is suitable for their case. At what point, however, does refusing to participate cross the threshold of ‘unreasonable’ and attract adverse costs consequences?
When it comes to free legal advice, demand massively outweighs supply. 'Millions of people are excluded from access to justice as they don’t have anywhere to turn for free advice—or don’t know that they can ask for help,' Bhavini Bhatt, development director at the Access to Justice Foundation, writes in this week's NLJ
When an ex-couple is deciding who gets what in the divorce or civil partnership dissolution, when is it appropriate for a third party to intervene? David Burrows, NLJ columnist and solicitor advocate, considers this thorny issue in this week’s NLJ
NLJ's latest Charities Appeals Supplement has been published in this week’s issue
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