Wealth Management Advisory represents a complex legal and financial service designed for high-net-worth individuals and their families. As Georgia's economy grows, issues of capital protection, effective management, and inheritance become increasingly relevant alongside capital accumulation. This service goes beyond simple bank deposits and includes asset diversification, tax planning, and legal structuring. Wealth management lawyers work alongside client's private bankers and financial advisors to ensure asset security and growth. Legal.ge offers access to experts who will help you legally protect your capital, minimize risks, and optimally manage your property.
What does the Wealth Management service cover?
Wealth management advisory is a multi-layered process that includes the following key areas:
- Tax Planning and Optimization: Determining the client's tax residency, utilizing international double taxation treaties, and structuring assets to lawfully optimize tax liabilities.
- Asset Protection: Separating personal assets from business risks, creating holding companies or trusts to shield property from third-party claims.
- Estate Planning: Drafting wills, establishing structures for managing inherited property, and regulating property relations between family members.
- Legal Audit of Investment Portfolio: Assessing legal risks of investments in real estate, securities, and business shares.
- Family Office Services: Comprehensive legal support for managing all financial and legal affairs of the family.
- Residency and Citizenship Issues: Managing the process of obtaining investment visas, residence permits, and citizenship in Georgia and abroad.
Common scenarios and needs
Clients turn to wealth management specialists at various life stages:
- Selling a Business (Exit Strategy): When an entrepreneur sells their business and receives significant capital that they wish to invest and protect.
- International Relocation: When a foreign investor moves to live in Georgia and wishes to benefit from the "High Net Worth Individual" tax status.
- Prevention of Family Disputes: When a family wants to pre-determine rules for property distribution to avoid future conflicts among heirs.
- Asset Diversification: When a client wants to invest in different jurisdictions and needs international legal support.
Georgian Legal Framework
Wealth management relies on several key acts of Georgian legislation:
- Civil Code of Georgia: Regulates property rights, inheritance issues, family law, and contractual relations.
- Tax Code of Georgia: Defines taxation regimes for individuals and legal entities, including taxes on dividends, interest, and capital gains.
- Law of Georgia on Activities of Commercial Banks: Regulates banking secrecy and protection of client information, which is critical for private banking services.
- Law on Securities Market: Relevant for clients who own stocks or bonds.
Service Process Step-by-Step
Working with specialists on Legal.ge involves a confidential and individual approach:
- Initial Consultation and Audit: Legal analysis of the client's financial situation, goals, and existing assets.
- Strategy Development: Creating a personal plan that includes tax optimization and asset protection mechanisms.
- Structuring and Implementation: Preparing necessary documents (contracts, wills, charters) and registering legal structures (companies, funds).
- Ongoing Monitoring: Updating the strategy in accordance with legislative changes and providing ongoing legal support.
Why Legal.ge?
Wealth management requires not only legal knowledge but also high professional ethics and complete confidentiality. Legal.ge allows you to connect with experienced lawyers and tax consultants who have years of practice working with high-value assets. Through our platform, you will find a trusted partner who will take care of your and your family's financial well-being in the long term.
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