STEP – Advising Families Across Generations

Looking for a new role? Shakespeare Martineau in Stratford-upon-Avon, UK are looking for a Private Client Legal Director. Find out more: https://bit.ly/40DN2Ol #STEPJobs #NewJob

What are 'smart contracts'? In 1994, the inventor of the ‘smart contract’, Nick Szabo, defined the term as a ‘computerised transaction protocol that executes the terms of a contract’. The transaction protocol works with algorithms following an ‘if-then-else’ logic. Modern smart contracts come with legal challenges and limitations. For example, the decentralised and immutable nature of smart contracts poses questions concerning jurisdiction and governing law. As these contracts are hosted on blockchain networks that are globally distributed, it becomes difficult to establish which national laws apply in the event of a dispute. Read Jessica Schaedler TEP's full article in 'Decoding Digital Assets: An Overview for Practitioners', a STEP publication: https://bit.ly/3Sx8Lmx #STEPCPD #DigitalAssets Capital Trustees

We are pleased to share that STEP won the Silver Award for Best Marketing Project / Initiative at the Association Excellence Awards last Friday for our 'Connect. Learn. Achieve' campaign. Well done to everyone from the STEP Head Office team who worked so hard on the campaign! Congratulations to all the winners, as well as those shortlisted! #AEA24 #Winners

We are in the midst of one of the greatest intergenerational wealth transfers in history. According to the UN High Commissioner for Refugees, at the end of 2023, over 117 million people were displaced due to ‘persecution, conflict, violence, human rights violations and events seriously disturbing the public order’. In this STEP Journal article Suzanne Reisman TEP shines a light on the impact of family displacement on their wealth planning. Read the article: https://lnkd.in/eQcJUv8y Had thoughts on this article? Share them in the comments! #STEPCPD #ModernFamilies

As we stand at the crossroads of unprecedented technological advancements, shifting societal values and complex global challenges, STEP Global Congress gathers thought leaders, industry experts, policymakers and innovators to engage in a dynamic dialogue about the critical issues shaping our industry. Speakers include Merriden Varrall from KPMG Australia, who will be speaking about the current trends in population movements and associated capital flows in light of recent world events. Book now: https://congress.step.org/ #STEPEvents #STEPGlobalCongress

The Financial Action Task Force has released a consultation on proposed changes to its standards and recommendations, as it aims to align them with measures promoting ‘financial inclusion’. Read more: https://bit.ly/40CrGRq #STEPCPD #FATF

HMRC has issued a warning on a tax avoidance scheme that has been marketed to companies as a way to avoid corporation tax and PAYE deductions of income tax and National Insurance Contributions. Read more: https://bit.ly/3NVFVJI #STEPCPD #HMRC

Have you completed our survey on evolving attitudes to wealth and taxation? Your insights will help shape a comprehensive understanding of whether and how clients' approaches to wealth planning, tax, inheritance, and social responsibility and philanthropy are shifting. Please take a moment to complete the survey and share your insight by 13 November 2024: https://bit.ly/3NFzom8 #STEPProfile #RSOW

In this STEP Journal article Adelle Seaton TEP reviews 'Making Gifts of Assets: The Legal Considerations' edited by Michael Culver TEP. Read the article: https://lnkd.in/erf2ipuN Did you find this review helpful? Why not share it with your network! #STEPCPD #Assets

Tomorrow is World Adoption Day, a day to raise awareness of adoption. STEP has a number of articles that help advisors support families with estate planning who have adopted children. Last year we published a STEP Journal article with an insight panel about how to define a child and what challenges (if any) these definitions pose for today’s modern family. Read the article: https://bit.ly/3UwdO7p #WorldAdoptionDay #ModernFamilies