Exploring Citizenship and Residency by Investment with Simon Gabbay of Henley & Partners.

In this episode of the Family Office Success podcast, host Christi Van Rite talks with Simon Gabbay from Henley and Partners about citizenship and residency by investment programs.

They discuss the rising interest in these programs, especially among American families, and the factors influencing such decisions, including political, economic shifts, and tax reforms. Simon explains the differences between citizenship and residency programs, the documentation required, and the due diligence involved. They also discuss trends, such as the increasing due diligence standards and the emergence of merit-based programs.

This episode is packed with insights for families and advisors considering expanding their global mobility through second citizenship or residency.

Website: henleyglobal.com

Simon’s Linked In: https://www.linkedin.com/in/simon-gabbay-663195120/

Passport Status page: https://www.henleyglobal.com/passport-power

When it comes to dividing family collections and heirlooms, the challenges go far beyond financial value. Michelle Castro, VP of Trust and Estates at Heritage Auctions, breaks down why tangible personal property creates some of the most complex issues in estate planning.

In this clip, Michelle discusses:

✓ Valuation challenges - determining actual worth

✓ Emotional attachment and sentimental value

✓ Distribution issues - who gets what?

✓ Lack of knowledge about collections

✓ Missing documentation and provenance

"You can't cut a painting in half" - Michelle's memorable insight captures the unique complexity of dividing art, jewelry, collectibles, and other tangible assets among family members.

Whether you're managing a family office, planning your estate, or advising clients with significant collections, understanding these challenges is crucial for avoiding family disputes and ensuring smooth wealth transfer.

In this episode of the Family Office Success podcast, Christi Van Rite explores the world of auction houses with Kathleen O'Brien, Director of Trust and Estates at Bonhams. Kathleen discusses her background in the art world, Bonhams's acquisition of Skinner, and the scope and operations of the auction house. They delve into market trends, focusing on the shift from fine art to luxury goods, and the evolving tastes across generations. Kathleen explains the auction process from consignment to final sale, emphasizing Bonhams's global reach and local approach. This episode offers valuable insights into how auction houses operate, the appraisal process, and the transparency and accessibility of auctions.