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Caroline Garnham, a former leading private client lawyer was head of Simmons &Simmons private client practice for fifteen years. She was nominated as one of the top five leading private client lawyers in 2011 and was a contributor for the Financial Times for twelve years on tax and trusts. Caroline pioneered the area of law now known as Family Governance. This book draws on her extensive knowledge and intimate experience in working for some of the world's wealthiest families. Pulling together scores of examples, she looks at the relationship between the UHNW community and their advisors from both perspectives. She believes that by understanding each other they can work together more productively. "Working as a private client lawyer for more than twenty years I developed a sympathy for you, the Super-Rich community. It is a community people find hard to feel sorry for - you do not have to worry about the mortgage being paid or where the next meal is coming from but your concerns nevertheless can keep you awake at night. You contribute significantly in taxes which benefits us all. In Great Britain, the top 1% pay 30% of our income tax; you spend in our shops and oil the wheels of our economy - and yet in general you are poorly served and often despised. As wealthy individuals I understand you are being fingered for money ALL THE TIME. It is hardly surprising therefore that you fly off the handle when you are being fleeced for yet more. Being pestered for money is a way of life for you which most of you hate which is why you want to preserve your privacy." This book is designed for you, the super-rich and those aspiring to be super rich. This book will tell you how to manage your advisors, your wealth and how to enjoy it all.
Caroline Garnham, a former leading private client lawyer and head of Simmons & Simmons private client practice for fifteen years, was nominated as one of the top five leading private client lawyers by The Lawyer in 2011. She was a contributor for the Financial Times from 1986 to 1998, pioneered the area of law now known as Family Governance and proposed and drafted the Executive Entity Act for the Bahamas, which became law in December 2011. This book draws on her extensive knowledge and intimate experience in working for some of the world's wealthiest families. Pulling together scores of examples, she looks at the relationship of the UHNW community and their advisors from both perspectives. She believes that by understanding each other, they can work together more productively. Caroline had a break from practicing law in December 2011 to focus her attention on making investment opportunities, exclusive luxury products and relevant information more available to the UHNW community. She designed a digital platform which she now runs as a joint venture enterprise www.bconnectclub.com. It provides a safe and secure neutral website, where UHNWIs can find investment opportunities, luxury products and services and where subscribers can promote their case studies, news and views to this hard to reach market. Caroline is actively advising clients. She is passionate about the need for UHNW families to use teams of trusted advisers on a regular basis. They cannot hope to know the detail of what risks lie in wait for them and need a team of advisers - which she calls a `Ring of Confidence' - to keep them fully informed.
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