08th May 2024

FLiP’s Grace Lawrence Achieves Distinction in STEP Advanced Certificate

By Grace Lawrence

FLiP’s Grace Lawrence Achieves Distinction in STEP Advanced Certificate

 

We are proud to announce that FLiP Senior Associate Grace Lawrence has recently achieved a distinction in STEP’s Advanced Certificate, International Trusts: Law and Practice.

Grace became a member of the Society of Trusts and Estates Practitioners (STEP) last year, and is one of only a handful of family lawyers to do so. STEP is a global professional body, comprising lawyers, accountants, trustees and other practitioners that help families plan for their futures.

Grace comments: “I am frequently instructed in relation to pre-nuptial agreements and in relation to financial claims upon divorce in circumstances where either my client or their spouse has substantial trust interests. I have also advised trustees in responding to a financial claim brought by the spouse of a beneficiary. In the event of divorce, the English court has the power to vary a trust if it is regarded as a “nuptial settlement” and/or can take a trust interest into account as a “financial resource” of one of the parties in determining a fair outcome. This area is of particular interest to me. There is an obvious tension between traditional trust concepts (including the trustees’ duties to act in the interests of the beneficiaries as a whole) and the desire of the English court to achieve a fair outcome as between the divorcing couple. Studying for the STEP Advanced Certificate, International Trusts: Law and Practice has cemented my knowledge of the way offshore courts respond to ‘foreign claims’, ‘attacks’ on offshore trusts and the firewall protections which exist in offshore jurisdictions. I hope it will better equip me to serve the needs of my clients.”

About Grace Lawrence:

Grace is a Senior Associate at Family Law in Partnership. She advises HNW and UHNW individuals on all aspects of private family law including financial and children matters and pre and post nuptial agreements. Her work has a strong international dimension and many of her cases involve substantial business interests and trust structures. Find out more about Grace’s family law practice here.