Practice Areas - King Stubb & Kasiva

Question 1

What are the key legal considerations when engaging in private aircraft or yacht transactions?

Accepted Answer

Key legal considerations include ensuring proper registration, understanding tax implications, securing financing, and adhering to both local and international regulations. Due diligence is critical to mitigate risks associated with ownership, operation, and cross-border transactions.

Question 2

What is involved in managing luxury assets like real estate or high-value collectibles?

Accepted Answer

Managing luxury assets involves legal processes such as acquisition contracts, proper documentation for ownership, and compliance with regulatory standards. It also includes valuation, authentication, and strategic planning for the sale or transfer of these assets to maximize value and minimize liabilities.

Question 3

What factors influence residency and citizenship planning for high-net-worth individuals?

Accepted Answer

Residency and citizenship planning is influenced by factors such as tax laws, lifestyle preferences, and business opportunities in different jurisdictions. Strategic planning involves evaluating the benefits and obligations of potential countries, including tax implications, legal residency requirements, and the impact on global mobility and financial privacy.

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