Shorter Reads

The perils of making a fortune at a tender age

Peter Daniel comments for Financial Times

1 minute read

Published 18 October 2021

Authors

Peter Daniel
Partner - Head of Private Wealth
Visit profile
Read more from Peter

Key information

Specialisms
Private Wealth

Young sports stars and celebrities face big challenges managing life changing pots of money.

“Present earnings may be high and may increase, but future earnings for sportspeople and entertainers are inherently uncertain- they should hope for the best but plan for the worst” – Peter Daniel, Head of Private Wealth

Read the full article on the FT here. A subscription to the FT will be required.

Talk to Peter about International trusts, tax & estate planning

The perils of making a fortune at a tender age

Peter Daniel comments for Financial Times

Published 18 October 2021

Associated sectors / services

International trusts, tax and estate planning
Probate
UK trusts, tax and estate planning

Authors

Peter Daniel
Partner - Head of Private Wealth
Read more from Peter

Young sports stars and celebrities face big challenges managing life changing pots of money.

Read the full article on the FT here. A subscription to the FT will be required.

Talk to Peter about International trusts, tax & estate planning

Associated sectors / services

International trusts, tax and estate planning
Probate
UK trusts, tax and estate planning

Authors

Peter Daniel
Partner - Head of Private Wealth
Read more from Peter

Need some more information? Make an enquiry below.

Enjoy reading our articles? why not subscribe to notifications so you’ll never miss one?

Subscribe to our articles

Message us on WhatsApp (calling not available)

Please note that Collyer Bristow provides this service during office hours for general information and enquiries only and that no legal or other professional advice will be provided over the WhatsApp platform. Please also note that if you choose to use this platform your personal data is likely to be processed outside the UK and EEA, including in the US. Appropriate legal or other professional opinion should be taken before taking or omitting to take any action in respect of any specific problem. Collyer Bristow LLP accepts no liability for any loss or damage which may arise from reliance on information provided. All information will be deleted immediately upon completion of a conversation.

I accept Close

Latest news:

Collyer Bristow wins ‘Law Firm of the Year’ at CityWealth Magic Circle Awards

ExpandNeed a hand?Toggle

If it's urgent, please
call +44 20 7242 7363

Get in touch

Get in touch using our form below.

View everyone
Business
Dispute Resolution
Private Wealth
Real Estate
About us
Updates
Open in maps
Message on WhatsApp Give us a call

Business

Dispute Resolution

Private Wealth

Real Estate

About

Updates

The perils of making a fortune at a tender age

Authors

Peter Daniel

Share

Key information

PodcastsGetting your ducks in a row (Part 1)

Shorter ReadsHow to unravel the legal complexities of US wealth inheritance

PodcastsAn Accident of Birth (Part 2)

Shorter ReadsCan I make cash gifts under a power of attorney arrangement?

PodcastsAn Accident of Birth (Part 1)

PodcastsThe popularity of funds (Part 2)

PodcastsThe popularity of funds (Part 1)

Longer ReadsTax Justice UK proposes wealth tax to raise £37 billion

PodcastsIRAs and how they work (Part 2)

PodcastsIRAs and how they work (Part 1)

Longer ReadsUK Register of Overseas Entities

PodcastsThe 1975 Act: Challenging Circumstances (Part 2)

Shorter ReadsInheriting from US trusts

Shorter ReadsGifts to Disabled and Vulnerable People

Shorter ReadsNovak Djokovic: the importance of getting your visa application right!

PodcastsThe 1975 Act: Challenging Circumstances (Part 1)

Shorter ReadsGifts with international elements

Shorter ReadsUS tax changes could be imminent

Shorter ReadsCan I give my home to my children (and still live in it)?

Shorter ReadsUS/UK giving

Shorter ReadsGifts and Lasting Powers of Attorney (“LPAs”)

Shorter ReadsNormal expenditure out of income

Shorter ReadsGifting in the Arts (CGS v AIL)

Shorter ReadsHow can I help my children buy a house?

Shorter ReadsHow should I approach charitable giving?

PodcastsThe Fine Art of Probate: Gifts and legacies

PodcastsTwo Countries Divided by a Lifetime Trust

PodcastsThose Two Certain Things – Death and Taxes

PodcastsUK USA: The Road to Efficiency

Longer ReadsClitheroe v Bond case: providing clarity for practitioners

Longer ReadsHow Stephen Hawking’s estate used his papers and office contents to settle millions in tax

PodcastsUK USA: Crossing the Pond

Shorter ReadsProfessor Stephen Hawking’s estate: Acceptance in Lieu in action

Longer ReadsMaking a success of UK-US cross-border estate planning

Longer ReadsUK – Tackling Tax Avoidance

PodcastsThe Fine Art of Probate: The Secret Trust of Lucian Freud

Shorter Reads‘Tax Day’ – government continues its campaign to tackle non-compliance

PodcastsThe Fine Art of Probate: The Valuation of Art

Longer ReadsHow the US and UK tax systems work together

Shorter ReadsLooking at the Budget 2021 from a Private client perspective

Longer ReadsHarry and Meghan ceasing to be UK resident

Longer ReadsWhat advisers can do to help clients hit by the US/UK double tax treaty

Longer ReadsAre Harry and Meghan still exposed to UK tax?

Longer ReadsShake up of CGT?

PodcastsThe fine art of probate: Acceptance in Lieu scheme

Longer ReadsThe prospect of further CGT changes – bad news for taxpayers, homeowners, and business owners?

Shorter ReadsPost-Brexit sanctions and the high net worth individual

VideosOverview of UK income Tax and Capital Gains Tax – Part 2 (Turkish language)

VideosOverview of UK income Tax and Capital Gains Tax – Part 1 (Turkish language)

VideosOverview of English Inheritance Tax law – Part 2 (Turkish language)

VideosOverview of English Inheritance Tax law – Part 1 (Turkish language)

Shorter ReadsCoronavirus – Can I create a Will while observing social distancing?

Longer ReadsCoronavirus: Tax and Estate Planning Tips in the Lockdown

Shorter ReadsCoronavirus: tax relief for the self-employed

Longer ReadsCoronavirus – Can you create a Will while self-isolating?

Shorter ReadsAre you ready for changes to Capital Gains Tax rules?

Longer ReadsEntrepreneurs Relief Reform

Longer ReadsHow are your cryptoassets taxed?

Shorter ReadsHow do I solve my transatlantic inheritance tax problem?

Shorter ReadsGeneral Election: party manifestos confirm coming CGT Entrepreneurs Relief changes

Shorter ReadsWhat happens if a will is found after an estate has already been divided?

Shorter ReadsA commentary on inheritance tax case, Routier v HMRC

Shorter ReadsCan I create a trust fund for alternative investment profits?

Longer ReadsWhy might a trust be of benefit?

Shorter ReadsOffice of Tax Simplification publishes recommendations to simplify inheritance tax

Shorter ReadsQ&A: My father has left his home to me and my siblings. What will it...

Shorter ReadsTaking tax online?

Shorter ReadsWhy you will no longer need to swear when visiting your solicitor

Shorter ReadsCan my half-sister challenge our father’s will?

Longer ReadsCryptocurrency and divorce – are lawyers and the courts up to speed?

PodcastsGetting your ducks in a row (Part 1)

Shorter ReadsHow to unravel the legal complexities of US wealth inheritance

PodcastsAn Accident of Birth (Part 2)

Shorter ReadsCan I make cash gifts under a power of attorney arrangement?

PodcastsAn Accident of Birth (Part 1)

Podcasts
Getting your ducks in a row (Part 1)

Shorter Reads
How to unravel the legal complexities of US wealth inheritance

Podcasts
An Accident of Birth (Part 2)

Shorter Reads
Can I make cash gifts under a power of attorney arrangement?

Podcasts
An Accident of Birth (Part 1)

Podcasts
The popularity of funds (Part 2)

Podcasts
The popularity of funds (Part 1)

Longer Reads
Tax Justice UK proposes wealth tax to raise £37 billion

Podcasts
IRAs and how they work (Part 2)

Podcasts
IRAs and how they work (Part 1)

Longer Reads
UK Register of Overseas Entities

Podcasts
The 1975 Act: Challenging Circumstances (Part 2)

Shorter Reads
Inheriting from US trusts

Shorter Reads
Gifts to Disabled and Vulnerable People

Shorter Reads
Novak Djokovic: the importance of getting your visa application right!

Podcasts
The 1975 Act: Challenging Circumstances (Part 1)

Shorter Reads
Gifts with international elements

Shorter Reads
US tax changes could be imminent

Shorter Reads
Can I give my home to my children (and still live in it)?

Shorter Reads
US/UK giving

Shorter Reads
Gifts and Lasting Powers of Attorney (“LPAs”)

Shorter Reads
Normal expenditure out of income

Shorter Reads
Gifting in the Arts (CGS v AIL)

Shorter Reads
How can I help my children buy a house?

Shorter Reads
How should I approach charitable giving?

Podcasts
The Fine Art of Probate: Gifts and legacies

Podcasts
Two Countries Divided by a Lifetime Trust

Podcasts
Those Two Certain Things – Death and Taxes

Podcasts
UK USA: The Road to Efficiency

Longer Reads
Clitheroe v Bond case: providing clarity for practitioners

Longer Reads
How Stephen Hawking’s estate used his papers and office contents to settle millions in tax

Podcasts
UK USA: Crossing the Pond

Shorter Reads
Professor Stephen Hawking’s estate: Acceptance in Lieu in action

Longer Reads
Making a success of UK-US cross-border estate planning

Longer Reads
UK – Tackling Tax Avoidance

Podcasts
The Fine Art of Probate: The Secret Trust of Lucian Freud

Shorter Reads
‘Tax Day’ – government continues its campaign to tackle non-compliance

Podcasts
The Fine Art of Probate: The Valuation of Art

Longer Reads
How the US and UK tax systems work together

Shorter Reads
Looking at the Budget 2021 from a Private client perspective

Longer Reads
Harry and Meghan ceasing to be UK resident

Longer Reads
What advisers can do to help clients hit by the US/UK double tax treaty

Longer Reads
Are Harry and Meghan still exposed to UK tax?

Longer Reads
Shake up of CGT?

Podcasts
The fine art of probate: Acceptance in Lieu scheme

Longer Reads
The prospect of further CGT changes – bad news for taxpayers, homeowners, and business owners?

Shorter Reads
Post-Brexit sanctions and the high net worth individual

Videos
Overview of UK income Tax and Capital Gains Tax – Part 2 (Turkish language)

Videos
Overview of UK income Tax and Capital Gains Tax – Part 1 (Turkish language)

Videos
Overview of English Inheritance Tax law – Part 2 (Turkish language)

Videos
Overview of English Inheritance Tax law – Part 1 (Turkish language)

Shorter Reads
Coronavirus – Can I create a Will while observing social distancing?

Longer Reads
Coronavirus: Tax and Estate Planning Tips in the Lockdown

Shorter Reads
Coronavirus: tax relief for the self-employed

Longer Reads
Coronavirus – Can you create a Will while self-isolating?

Shorter Reads
Are you ready for changes to Capital Gains Tax rules?

Longer Reads
Entrepreneurs Relief Reform

Longer Reads
How are your cryptoassets taxed?

Shorter Reads
How do I solve my transatlantic inheritance tax problem?

Shorter Reads
General Election: party manifestos confirm coming CGT Entrepreneurs Relief changes

Shorter Reads
What happens if a will is found after an estate has already been divided?

Shorter Reads
A commentary on inheritance tax case, Routier v HMRC

Shorter Reads
Can I create a trust fund for alternative investment profits?

Longer Reads
Why might a trust be of benefit?

Shorter Reads
Office of Tax Simplification publishes recommendations to simplify inheritance tax

Shorter Reads
Q&A: My father has left his home to me and my siblings. What will it...

Shorter Reads
Taking tax online?

Shorter Reads
Why you will no longer need to swear when visiting your solicitor

Shorter Reads
Can my half-sister challenge our father’s will?

Longer Reads
Cryptocurrency and divorce – are lawyers and the courts up to speed?

Podcasts
Getting your ducks in a row (Part 1)

Shorter Reads
How to unravel the legal complexities of US wealth inheritance

Podcasts
An Accident of Birth (Part 2)

Shorter Reads
Can I make cash gifts under a power of attorney arrangement?

Podcasts
An Accident of Birth (Part 1)

Podcasts
The popularity of funds (Part 2)

Podcasts
The popularity of funds (Part 1)

Longer Reads
Tax Justice UK proposes wealth tax to raise £37 billion

Podcasts
IRAs and how they work (Part 2)

Podcasts
IRAs and how they work (Part 1)