BWB's Pippa Garland has written an article for the Private Client Advisor on the importance of considering carefully, at the outset, the intentions behind a couple's charitable giving.
Pippa examines how there have been a number of cases highlighting the importance of couples explicitly considering what will happen to their philanthropy in the case of a divorce. How will charitable funds already donated be dealt with? If both parties are serving on the board, what will happen in the case of a split? How should independent trustees act in such a scenario?
Pippa states that advisers should ensure couples properly consider what could happen to their philanthropy in the case of a divorce and states that clear, consistent and consensual decision making at the outset could, in the long run, avoid a lot of turmoil.
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Posted on 26/01/2016 in BWB In The MediaBack to Knowledge