Lessons In Legacy

The Lessons in Legacy Podcast is a new series that follows on from Boodle Hatfield's ‘Lessons in Legacy’ research - an initiative that explores what legacy means to families and individuals in the 21st century. The series provides a platform for a dialogue with a number of leading academics, professional advisers and business leaders about the evolution in the approaches, attitudes and adjustments successful individuals and families are taking to plan for wealth transfer. Across the coming months, we will break down some of the themes that are now front of mind for those responsible for family wealth. We will take into account the priorities of the succeeding generation and look at how, in turn, we as advisers can support and steward a legacy’s sustainability and reflect a families’ longer term purpose, values and sense of cohesion.

In the inaugural episode, Partner, Clare Stirzaker is joined by Dr Justin Craig, a visiting Professor of Family Enterprise at Kellogg Business School. Using Justin's research on the strategy, function, management, and performance of multi-generational family enterprises and those who lead and steward them, we look at what the term legacy means in today's world and its connotations, whether the next generation feels hamstrung by the concept of legacy and how business leaders can innovate where a predecessor's legacy is so dominant. 

Justin has authored 46 peer-reviewed academic publications, numerous book chapters and teaching cases and has co-edited several books, all aimed at better understanding the challenges facing business families across the globe and brings some invaluable insights to the episode.

This podcast is intended to provide a first point of reference for current developments in aspects of the law. It should not be relied upon as a substitute for professional advice. If you would like to discuss any of the points raised during the podcast, please do not hesitate to contact Clare Stirzaker or Justin Craig using the details listed below. 

Speakers:
Clare Stirzaker, Private Client Partner at Boodle Hatfield
t: +44 (0) 20 7079 8170
e: CStirzaker@boodlehatfield.com

Dr Justin Craig, visiting Professor of Family Enterprise at Kellogg Business School
Australia m: (+61) 0405309316
US cell: +1 (617) 971 6751
E: justin@busi-psych.com

Lessons In Legacy: Episode One, In Conversation with Dr Justin Craig

The Lessons in Legacy Podcast is a new series that follows on from Boodle Hatfield's ‘Lessons in Legacy’ research - an initiative that explores what legacy means to families and individuals in the 21st century. The series provides a platform for a dialogue with a number of leading academics, professional advisers and business leaders about the evolution in the approaches, attitudes and adjustments successful individuals and families are taking to plan for wealth transfer. Across the coming months, we will break down some of the themes that are now front of mind for those responsible for family wealth. We will take into account the priorities of the succeeding generation and look at how, in turn, we as advisers can support and steward a legacy’s sustainability and reflect a families’ longer term purpose, values and sense of cohesion.

In the second episode, Partner, Clare Stirzaker is joined by Catherine Grum. Catherine is the  founder of the  Catherine Grum Consultancy, a newly launched business with a mission to empower enterprising families to apply their wealth with purpose. She provides a range of educational and consulting services to families and family offices, with a focus on helping to understand and articulate the purpose of wealth and family goals. Her advice comes from years of experience working with families in different guises across of the private wealth industry. With Catherine’s expertise, we look at what the term legacy means in today’s world and its connotations, whether the next generation feels hamstrung by the concept of legacy and how business leaders can innovate where a predecessor’s legacy is so dominant.

This podcast is intended to provide a first point of reference for current developments in aspects of the law. It should not be relied upon as a substitute for professional advice. If you would like to discuss any of the points raised during the podcast, please do not hesitate to contact Clare Stirzaker or Catherine Grum using the details listed below.

Speakers:
Clare Stirzaker, Private Client Partner at Boodle Hatfield
t: +44 (0) 20 7079 8170
e: CStirzaker@boodlehatfield.com

Catherine Grum, Founder of the Catherine Grum Consultancy
e: catherine@catherinegrum.com

Lessons In Legacy - Episode Two, In Conversation with Catherine Grum

In the third episode, Partner, Clare Stirzaker is joined by Maria Villax, Head of Family Governance and Solutions at the Bedrock Group. Maria specialises in guiding families around the world to develop and implement family governance frameworks to ensure successful generational transitions. She also brings a different dimension to the podcast episode as she understands first-hand the challenges that come with family ownership as she is also a 3rd generation of a family business and also operates as the NextGen Ambassador to the Family Business UK. Together Clare and Maria discuss the intangible value that is legacy, how family governance tools work with a family constitution and the importance of encapsulating and defining what a family is about. 

This podcast is intended to provide a first point of reference for current developments in aspects of the law. It should not be relied upon as a substitute for professional advice. If you would like to discuss any of the points raised during the podcast, please do not hesitate to contact Clare Stirzaker or Maria Villax using the details listed below.

Speakers:

Clare Stirzaker, Private Client Partner at Boodle Hatfield
t: +44 (0) 20 7079 8170
e: CStirzaker@boodlehatfield.com

Maria Villax, Head of Family Governance and Solutions at the Bedrock Group
e: maria.villax@bedrockgroup.com
Maria Villax | (bedrockgroup.com)

Lessons In Legacy - Episode Three - Maria Villax

The Lessons in Legacy Podcast is a series that provides a platform for dialogue with a number of leading academics, professional advisers and business leaders about the evolution in the approaches, attitudes and adjustments successful individuals and families are taking to plan for wealth transfer. 

The series follows on from Boodle Hatfield's ‘Lessons in Legacy’ research - an initiative that highlights that legacy is no longer just about wealth preservation. With Alberto Lidji, Visiting Fellow at Cambridge Judge Business School & Founder of “The Do One Better” Knowledge Hub and Podcast and a number of leading philanthropy experts, we delve deeper into the topic of philanthropy and its growing role in the creation of a meaningful legacy amongst successful individuals and families. Across the five part mini-series we hope to deliver a rich and challenging conversation that explores how the concept of legacy impacts a person’s approach to philanthropy; why it is important for established philanthropists and potential philanthropists to consider the impact of their initiatives; whether philanthropy is too much of a distraction from the important purpose of tax; how our tax system can continue to facilitate greater philanthropy; and how we can significantly move the needle on philanthropic giving.

In the second episode of ‘The Philanthropy Edition’ Alberto Lidji and Clare Stirzaker are joined by Professor Beth Breeze. Beth is a philanthropy scholar at the University of Kent who began her career as a fundraiser and spent a decade working in a variety of fundraising, research and charity management roles. Noting the lack of substantive research underpinning the practice, Beth completed a PhD on contemporary philanthropy and has since written and edited five books. Beth is the UK’s first ever Professor of Philanthropic Studies and in January 2022, she was made an Officer of the Order of the British Empire (OBE) “For services to Philanthropic Research and Fundraising”.

Together Alberto, Beth and Clare look at how, hand in hand, philanthropy can be done more effectively and at greater levels. They consider the concept of quantifying the impact of giving, the role of innovation in philanthropic capital and the idea that no philanthropist is an island – collaboration and partnerships are key.

This podcast is intended to provide a first point of reference for current developments in aspects of the law. It should not be relied upon as a substitute for professional advice. If you would like to discuss any of the points raised during the podcast, please do not hesitate to contact our speakers using the details listed below.

Speakers:
Clare Stirzaker, Private Client Partner at Boodle Hatfield
T: +44 (0) 20 7079 8170
E: CStirzaker@boodlehatfield.com

Alberto Lidji, Visiting Fellow at Cambridge Judge Business School & Founder of “The Do One Better” Knowledge Hub and Podcast
E: alberto@lidji.org

Professor Beth Breeze
T: +44 (0)1227 824303
E:  b.breeze@kent.ac.uk
Find Beth on Twitter @UKCPhilanthropy

Links:
•	Emma Beeston and Beth Breeze (2023) Advising Philanthropists: Principles and Practice. London: Directory of Social Change - https://www.dsc.org.uk/publication/advising-philanthropists-principles-and-practice/
•	Rhodri Davies (2023) In An Ideal World, Would There be no Philanthropy? Why Philanthropy Matters - https://whyphilanthropymatters.com/article/in-an-ideal-world-would-there-be-no-philanthropy/
•	A free excerpt from Advising Philanthropists: https://ssir.org/books/excerpts/entry/disciplining_generosity
•	To study with Beth and colleagues at the University of Kent:
•	MA Philanthropic Studies https://www.kent.ac.uk/courses/postgraduate/769
•	Fundraiser Apprenticeship https://www.kent.ac.uk/global-lifelong-learning/apprenticeships/employing-an-apprentice/fundraiser

The Lessons in Legacy Podcast, Philanthropy Edition, In Conversation with Professor Beth Breeze

The Lessons in Legacy Podcast, Philanthropy Edition, In Conversation with Ben Morton-Wright

The Lessons in Legacy Podcast is a series that delves in to the evolution in the approaches, attitudes and adjustments successful individuals and families are taking to plan for wealth transfer. In the series we open dialogue with a number of leading academics, professional advisers and business leaders to hear their thoughts on legacy and consider how individuals and families can approach wealth transfer with greater purpose.

The series follows on from Boodle Hatfield’s ‘Lessons in Legacy’ research – an initiative that highlights that legacy is no longer just about wealth preservation. With Alberto Lidji, Visiting Fellow at Cambridge Judge Business School & Founder of “The Do One Better” Knowledge Hub and Podcast and a number of leading philanthropy experts, we delve deeper into the topic of philanthropy and its growing role in the creation of a meaningful legacy amongst successful individuals and families. Across the five part mini-series we hope to deliver a rich and challenging conversation that explores how the concept of legacy impacts a person’s approach to philanthropy; why it is important for established philanthropists and potential philanthropists to consider the impact of their initiatives; whether philanthropy is too much of a distraction from the important purpose of tax; how our tax system can continue to facilitate greater philanthropy; and how we can significantly move the needle on philanthropic giving.

In the fourth episode of ‘The Philanthropy Edition’ Alberto Lidji and Clare Stirzaker are joined by Derek Bardowell. Derek’s work sees him wearing a number of hats from Philanthropy Advisor and Author to Trustee and Knowledge Equity Fellow. Along with his role as CEO of Ten Years’ Time, which helps ambitious donors and foundations tov repair harm and rebalance power by resourcing racial and economic justice with care and confidence.

Together Alberto, Derek and Clare look the importance of philanthropists considering the impact of their initiatives, they look at how funding and giving can ‘sweat’ the most and the challenges of gratification vs impact.

This podcast is intended to provide a first point of reference for current developments in aspects of the law. It should not be relied upon as a substitute for professional advice. If you would like to discuss any of the points raised during the podcast, please do not hesitate to contact our speakers using the details listed below.

Speakers:

Clare Stirzaker, Private Client Partner at Boodle Hatfield
T: +44 (0) 20 7079 8170
E: CStirzaker@boodlehatfield.com

Alberto Lidji, Visiting Fellow at Cambridge Judge Business School & Founder of “The Do One Better” Knowledge Hub and Podcast
E: alberto@lidji.org

Derek Bardowell, CEO of Ten Years’ Time
E:  derek@tenyearstime.com

The Lessons in Legacy Podcast, Philanthropy Edition, In Conversation with Derek Bardowell

The Lessons in Legacy Podcast is a series brought to you by the Private Wealth team at Boodle Hatfield. The podcast delves into the approaches, attitudes and adjustments successful individuals and families are taking to plan for wealth transfer. In the series we open dialogue with a number of leading academics, professional advisers and business leaders to hear their thoughts on legacy and consider how individuals and families can approach wealth transfer with greater purpose.

With Alberto Lidji, Visiting Fellow at Cambridge Judge Business School & Founder of “The Do One Better” Knowledge Hub and Podcast, we delve deeper into the topic of philanthropy and its growing role in the creation of a meaningful legacy amongst successful individuals and families. Across the five part mini-series labelled ‘The Philanthropy Edition’ we deliver a rich and challenging conversation that explores how the concept of legacy impacts a person’s approach to philanthropy; why it is important for established philanthropists and potential philanthropists to consider the impact of their initiatives; whether philanthropy is too much of a distraction from the important purpose of tax; how our tax system can continue to facilitate greater philanthropy; and how we can significantly move the needle on philanthropic giving.

In the fifth and final episode of ‘The Philanthropy Edition’ Alberto Lidji and Clare Stirzaker are joined by Jake Hayman, a serial entrepreneur and experienced social sector consultant. Jake has been working with some of the most progressive wealth holders for the last 20 years and is currently writing a book on the topic. Together Alberto, Jake and Clare look at everything from taxes to misunderstandings around philanthropy and how wealth can be managed in a more equitable and just way.

This podcast is intended to provide a first point of reference for current developments in aspects of the law. It should not be relied upon as a substitute for professional advice. If you would like to discuss any of the points raised during the podcast, please do not hesitate to contact our speakers using the details listed below.

Speakers:
Clare Stirzaker, Private Client Partner at Boodle Hatfield
T: +44 (0) 20 7079 8170
E: CStirzaker@boodlehatfield.com

Alberto Lidji, Visiting Fellow at Cambridge Judge Business School & Founder of “The Do One Better” Knowledge Hub and Podcast
E: alberto@lidji.org

Jake Hayman
E: jakehaymanemail@gmail.com
T: 07771 590 893

The Lessons in Legacy Podcast, Philanthropy Edition, In Conversation with Jake Hayman

The Lessons in Legacy Podcast is a series that delves in to the evolution in the approaches, attitudes and adjustments successful individuals and families are taking to plan for wealth transfer. In the series we open dialogue with a number of leading academics, professional advisers and business leaders to hear their thoughts on legacy and consider how individuals and families can approach wealth transfer with greater purpose.

The series provides a platform for dialogue with a number of leading academics, professional advisers and business leaders about the evolution in the approaches, attitudes and adjustments successful individuals and families are taking to plan for wealth transfer. Across the series, we break down some of the themes that are now front of mind for those responsible for family wealth and take into account the priorities of the succeeding generation and look at how, in turn, we as advisers can support and steward a legacy’s sustainability and reflect a families’ longer term purpose, values and sense of cohesion.

In the ninth episode, Partner, Clare Stirzaker is joined by Lyn Tomlinson, Eleanor Sepanski and James Woods Davison. Lyn is the Head of Impact at Cazenove Capital where she focuses on helping clients maximise impact across all of their assets, whether that be through their grant making or their investment portfolio. Eleanor and James lawyers at Boodle Hatfield. Eleanor is a Partner specialising in charity law, dealing in particular with governance issues, philanthropy and CSR planning for companies. And James’ practice focuses on the legal and commercial challenges faced by high net worth individuals, trusts and corporate structures.

What was clear from our research is that ESG is becoming increasingly embedded within wealth transfer strategies and in turn reshaping what clients need from their advisors. Together Clare, Lyn, Eleanor and James look at this in more detail and consider how the Wealth Management Industry is reacting to increased interest in philanthropy and sustainable investments.

This podcast is intended to provide a first point of reference for current developments in aspects of the law. It should not be relied upon as a substitute for professional advice. If you would like to discuss any of the points raised during the podcast, please do not hesitate to contact our speakers using the details listed below.

Speakers:
Clare Stirzaker, Private Client Partner at Boodle Hatfield
t: +44 (0) 20 7079 8170
e: CStirzaker@boodlehatfield.com 

Lyn Tomlinson, Head of Impact & Philanthropy at Cazenove Capital
t: +44 (0)20 7658 1385
e: lyn.tomlinson@cazenovecapital.com

Eleanor Sepanski, Private Client Partner at Boodle Hatfield
t: +44 (0) 20 7079 8540
e: esepanski@boodlehatfield.com

James Woods-Davison, Senior Associate at Boodle Hatfield
t: +44 (0) 20 7079 8207
e: JWoods-Davison@boodlehatfield.com

Resources
As referenced in the episode, please see below links to the resources and courses.

University of Zurich – Programmes for wealth holders - https://www.csp.uzh.ch/en/executive-education-training/wealth-owners.html
Family Offices: A roadmap to impact - https://www.schroders.com/en/global/family-offices/family-offices-a-roadmap-to-impact/
The Zulu Principle by Jim Slater  - https://www.amazon.co.uk/Zulu-Principle-Extraordinary-Ordinary-Harriman/dp/1905641915

How the Wealth Management Industry is reacting to philanthropy & sustainable investments

The Lessons in Legacy Podcast is a series brought to you by the Private Wealth team at Boodle Hatfield that looks at the evolution in the approaches and attitudes successful individuals and families are taking to plan for wealth transfer. In the series we open dialogue with a number of leading academics, professional advisers and business leaders to hear their thoughts on legacy and consider how individuals and families can approach wealth transfer with greater purpose.

Across the series, we break down some of the themes that are now front of mind for those responsible for family wealth and take into account the priorities of the succeeding generation and look at how, in turn, we as advisers can support and steward a legacy’s sustainability and reflect a families’ longer term purpose, values and sense of cohesion.

In the tenth episode, Partner, Clare Stirzaker is joined by fellow Partners, Hayden Bailey, Katie O’Callaghan and Nicola Bushby to discuss a series of topics that can often be underestimated when it comes to planning for the future. Individuals, families and their respective businesses will, more often than not, associate divorce, incapacity and death by their very nature as taboo topics and ones that are cloaked in discomfort or misunderstanding. In this episode, we reinforce the importance of addressing these life events and highlight why we mustn’t underestimate the impact they can have when it comes to legacy.

This podcast is intended to provide a first point of reference for current developments in aspects of the law. It should not be relied upon as a substitute for professional advice. If you would like to discuss any of the points raised during the podcast, please do not hesitate to contact our speakers using the details listed below.

Speakers:
Clare Stirzaker, Private Client Partner at Boodle Hatfield
e: CStirzaker@boodlehatfield.com

Hayden Bailey, Partner and Head of Private Wealth at Boodle Hatfield
e: hbailey@boodlehatfield.com

Katie O’Callaghan, Family and Divorce Partner at Boodle Hatfield
e: kocallaghan@boodlehatfield.com

Nicola Bushby, Private Wealth Disputes Partner at Boodle Hatfield
e: nbushby@boodlehatfield.com

Lessons in Legacy - The Impact That Divorce, Incapacity Or Death Can Have On A Legacy

‘In Conversation With’ is a podcast series brought to you by Boodle Hatfield - a leading private client and real estate law firm in the UK. Throughout this series, we shine a spotlight on innovative and inspiring individuals, groups, leaders and organisations who are forging change for the next generation. These conversations will not only highlight the triumphs, but also reflect on some of the challenges faced in society, business and home life. 

In this episode, Partner, Clare Stirzaker is joined by two leading individuals in the family business sector, who share some their perspectives on what it means to be a ‘responsible business’ and how this can forge change for future generations. Karen Greenshields is the Managing Director of Technical and Environmental Services at GAP Group and is one of the four third generation members involved in GAP Hire Solutions – a family business established in 1969 and now the UK's largest independent hire company. Neil Davy is the CEO of Family Business UK. Originally established in 2001 as the Institute for Family Business, Family Business UK is now the largest organisation in the UK dedicated solely to supporting, representing and championing family business. Together they discuss the flexibility that being a family business provides in comparison to their public company counterparts and the importance of having 'the right people on the bus and in right seats'.

In Conversation With Clare Stirzaker, Neil Davy and Karen Greenshields

‘In Conversation With’ is a podcast series brought to you by Boodle Hatfield - a leading private client and real estate law firm in the UK. Throughout this series, we shine a spotlight on innovative and inspiring individuals, groups, leaders and organisations who are forging change for the next generation. These conversations will not only highlight the triumphs, but also reflect on some of the challenges faced in society, business and home life.

In this episode, Julie Howard a Private Wealth Partner specialising in tax and estate planning for individuals, families and trusts, is joined by Dr. Namukale Chintu. Namukale is the Founder and Managing Director of Frontier Market Consultants and Non-Executive Director on the boards of Invesco UK and Invesco Asset Management Ltd. She has built a demonstrable track record in wealth management, asset management and capital markets with deep expertise and extensive networks in governance and regulation, UHNW and family office concierge, sustainability and ESG, capital raising and product strategy. She has previously assumed the senior roles at EFG Private Bank, UBS Wealth Management, Syntaxis Capital, Morgan Stanley and Lehman Brothers.  As Rhodes Scholar, Dr Chintu serves as National Secretary for the Rhodes Scholarship in Zambia that sponsors young talented Zambians to study at the University of Oxford. She holds a Ph.D. from the University of Cambridge Judge Business School, where she also taught on the school’s Executive MBA programme and also holds two MScs in Financial Economics and Management Research and a BA in Economics. Alongside all of these remarkable career achievements, Namukale is also a mother and in the episode we focus our conversation on dynamics of wearing two hats. We discuss some of the highs and lows of juggling your career and a child, we will talk through some of the different structuring models for combining work with family life and the importance of these discussions in inspiring the next generation of female leaders.

In Conversation with Julie Howard and Namukale Chintu

Our Modern Landed Estate series explores the challenges, opportunities, and key considerations for estates and bring insight to the table. We look at how the decisions made today can shape the estate’s future for generations and explore the options for land diversification – whether that’s selling for development, taking on the development process yourself, or something in between.
 
We will speak to experts from across the spectrum of private client, taxation, real estate and construction and hope to deliver some real life insights from those who have embarked on similar projects and have navigated similar pastures. 

In Episode One, Hayden Bailey, Sarah Rock, Sophie Henwood, and Andrew Loan share their insights and unpack the options on a dilemma many landowners face with a fictional case study..
Imagine an estate in Sussex, spanning 8,000 acres, with a farmhouse, workers’ cottages, and several agricultural barns. Recently, the local authority updated its plan, and after some strategic lobbying, a small section of the estate has been allocated for residential development—potentially 100 homes. Housebuilders are circling, but the owners aren’t sure which direction to take. Will selling to a developer be the best long-term decision? Or should they take control and develop the homes themselves?

Together, they look at the framework for an estate owner looking to take on the development themselves, how to retain control when negotiating terms with developers, the key tax considerations and the role of succession planning.

The Modern Landed Estate Podcast - Episode One

Our Modern Landed Estate series explores the challenges, opportunities, and key considerations for estates and bring insight to the table. We look at how the decisions made today can shape the estate’s future for generations and explore the options for land diversification – whether that’s selling for development, taking on the development process yourself, or something in between.

We will speak to experts from across the spectrum of private client, taxation, real estate and construction and hope to deliver some real life insights from those who have embarked on similar projects and have navigated similar pastures.

In Episode Two, Patrick Moseley, Head of National Strategic Development at Savills joins Sophie Henwood and Andrew Loan to explore the changing dynamics of strategic land development.  

From shifting planning policies to regional trends, they discuss what is influencing land opportunities across the UK and how landowners can respond.  Our expert guest shares practical advice on when to act, the signs to watch for and why having a clear long-term vision is essential.  They also unpack the different delivery models available, from promotion agreements to direct delivery and how to balance control, risk and reward when making strategic decisions.

A must-listen for estates, landowners and professionals navigating the evolving development landscape, this episode offers valuable perspectives on making informed, future-proof decisions in a complex and changing planning environment.

The Modern Landed Estates Podcast - Episode Two

At Boodle Hatfield we have been providing legal services to successful families and businesses, for 300 years.
Find out more at www.boodlehatfield.com

Lessons In Legacy - Episode Three - Maria Villax

Boodle Hatfield

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