Michelmores contribute to the STEP Handbook for Advisers

Jonathan Riley, Head of Private Client, and Edward Porter, Senior Associate, have contributed to the recently published second edition of the Society of Trust and Estate Practitioner's guide to Business Families and Family Businesses.

The guide is considered the ultimate reference book for all professionals involved in advising families whose principal source of wealth is or has been a successful family enterprise. The book considers what makes business families and family businesses unique, and examines the issues that advisers are often called upon to consider and address when assisting them.

Jonathan Riley commenting: "We are delighted to have been involved in this new edition which will help practitioners to deepen their understanding of how families operate, and to develop the skills and knowledge necessary to advise on such complex areas as conflicts between working and non-working family members, ownership structure, succession, wealth management, governance and meeting a family's philanthropic objectives. At Michelmores, our private client and business teams specialise in assisting family businesses and the individuals who make up those businesses on achieving their goals in a sustainable and tax effective manner."

The Business Families and Family Businesses: The STEP Handbook for Advisers also features chapters by other leading practitioners in the field, including Schroders, SandAire, Kleinwort Hambros, Dixon Wilson and Rathbones. The guide provides a comprehensive handbook for all practitioners who advise business families, including lawyers, accountants, financial advisers and wider family business advisers.