A fixed agenda
Six points, always the same.
One meeting a year, with an agenda and minutes.
Annual wealth review
The annual meeting is the simplest promise to keep and the one that makes most sense: once a year, with time to decide before the year closes, everything that has changed is reviewed.
It has a fixed agenda and leaves written minutes. That way it stops being a courtesy and becomes a tool.
- Type of engagement
- Ongoing support
- Indicative timing
- Once a year, usually in September, with time to decide before the year closes. The minutes follow within five days.
- Fees
- In writing, before we start
- Who provides and signs
- Pearson Specter, with the person at the firm who knows your family and the specialists required.
When it is needed
- You have finished a diagnosis or a succession plan and want to keep it alive
- In the past year there have been changes in the family, the business or your residence
Why it matters
In good time
Before the year closes, when decisions can still be taken.
In writing
Two-page minutes with what was decided and what is pending.
What is included
- An annual meeting with the family
- An updated inventory and the year’s changes
- The state of the documents: will, powers of attorney and agreements
- Two-page minutes
What is not included
- Carrying out the decisions that come out of the meeting (gifts, deeds): these are separate engagements
Who it is for
- Families that already have their wealth in order and want to keep it that way
- Families that have just finished a diagnosis or a succession plan
The agenda
Six points, always the same.
Changes in the family
Births, marriages, deaths and residence.
Updated inventory
What has changed during the year, and by how much.
Regulatory developments
The ones that affect you, and only those.
Year-end decisions
Gifts, contributions and what is worth doing before 31 December.
State of the documents
Current will, powers of attorney and agreements.
Plan and calendar for the next year
What will be done, in what order and by when.
How it starts
A month beforehand we ask you for the year’s news from the family, and prepare the agenda.
What to bring- News from the family and the business
- Any transaction planned for next year
What you receive
- 01Two-page minutesWhat was decided, what is pending and who is doing it, within the following five days.
“What is reviewed every year is not discovered all at once.”
Guidance only.
Related in other areas
Other services in this areaPrivate Clients
A conversation, whenever you decide.
We reply to every enquiry within 24 working hours, in strict confidence.
The first thing we will ask for: news from the family and the business.