Author Archives: lisa

Foundations in the wild west: the Wyoming Statutory Foundation Act

Traditionally a civil law concept, the use of foundations as wealth management and succession planning vehicles is gaining popularity in common law jurisdictions. Wyoming is the second state in the USA to adopt common law foundation legislation that will allow for the formation and administration of statutory foundations. The Wyoming Statutory Foundation Act, effective 1 July 2019, combines elements of well-established trust and corporate law in Wyoming with classical elements of foundation legislation found in civil law jurisdictions, while also providing access to Wyoming’s privacy and asset preservation laws.

Chinese Families, Globalization, Governance and Wealth Transition

Are ultra-HNW Chinese families from the Mainland, adopting the appropriate strategies to expand their businesses and their wealth and then transition both to their younger generations? A roundtable discussion co-hosted by Cone Marshall and AllianceBernstein navigated these waters, guided by an expert who has studied more than 100 successful ultra-HNW family dynasties.