Payne Hicks Beach

Payne Hicks Beach

08 September 2021

The Gates Foundation insights on mega divorce planning over charitable interests

Article by Emily Foy, specialist family lawyer and Emily Grosvenor-Taylor specialist private client lawyer at Payne Hicks Beach, in which they review the Gates Foundation insights on ultra high net worth divorce planning and charitable trusts. With a combined wealth thought to be c.US$150 billion, Bill and Melinda Gates’ divorce settlement is one of the biggest ever. This high profile divorce with the splitting of wealth of epic proportions, including business investments, land and property (including classic cars and artwork) as well as the largest philanthropic organisation of its type in the world highlights what ultra high net worth couples need to consider when navigating a shared charitable interest to ensure that effective decision making and good governance is in place to enable a charity to continue to achieve its objectives. First published in International Investment online on 6 September 2021

Emily Foy and Emily Grosvenor-Taylor are specialist lawyers of the firm's top ranked Family and Private Client departments who work for a variety of high net worth and ultra high net worth clients, including those with a complex international and trust and divorce angle who are based in the UK, overseas or have overseas offshore interests. The Family department focuses on providing specialist advice on all areas of family law, including issues arising from divorcecohabitationcivil partnershipsfinancial consequences of a relationship breakdown, children arrangementsinheritance claims and pre and post-nuptial agreements. The Private Client department provides expert advice on the legal complexities of planning, managing and protecting wealth for current and future generations, advising on all areas of private wealth law including, charities, philanthropy and non-profit organisations, contentious trusts and probate, international tax and trusts, probate, residence and domicile, tax planning, UK trusts, art and heritage, landed estates and agriculture and advising family offices and family owned businesses. Clients highly value both teams’ exceptional level of service, astute financial acumen and unparalleled levels of support and are recognised across their industries as one of the best family teams and private client teams in the UK.

For further information, please contact Emily Grosvenor-Taylor, your usual Payne Hicks Beach contact or call 020 7465 4300.

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This publication is not intended to provide a comprehensive statement of the law and does not constitute legal advice and should not be considered as such. It is intended to highlight some issues current at the date of its preparation. Specific advice should always be taken in order to take account of individual circumstances and no person reading this article is regarded as a client of this firm in respect of any of its contents.

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