Asian Wealth Solutions Forum 2019 - Exclusive Insights - Naomi Rive

Naomi Rive of Highvern Trustees

Nov 13, 2019

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1. Are Enforcers and Protectors aware of their roles and responsibilities and kept up to date with the core family situational developments?

Video transcript

1. Are Enforcers and Protectors aware of their roles and responsibilities and kept up to date with the core family situational developments?

When it comes to enforcers or protectors, we tend to work with two different types of families. We work with those that have professionalised themselves, and then they tend to have professional paid advisors in the roles of enforcer or protector, and then we work with those families that haven't yet really professionalised their family governance. And for them, it tends to be more family members who aren't as remunerated. They don't tend to be as committed as those families who've got professionals. So, I think for us, as trustees, it's really better if we can have a professional onboard wherever possible.

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