Tuesday, March 7, 2023

Do you know Hoo(doo) is your customer?

In recent times, we have had a number of situations where, when acting for a family group, one member of the group is particularly concerned about asset protection issues.

All advisers providing guidance in this space should be aware that from a privilege perspective, much can turn on very practical issues such as:
  1. Who the customer is defined as being?
  2. In what name the file is opened up in?
  3. Who the correspondence is directed to (including via email)?
  4. Who is invoiced?
  5. Who pays the invoice?
While each of these issues can on their face seem quite benign, if the worst turn of events occurs (and bankruptcy proceedings are commenced), each of the above points can become quite critical.

As usual, please contact me if you would like access to any of the content mentioned in this post.

** for the trainspotters, the title today is riffed from the Hoodoo Gurus song 'Hoodoo you love'.

View here: