With great power comes great responsibility, so it has been said (perhaps by Spiderman). High-net-worth individuals (HNWIs) face a modification of that proverbial statement, which is: with great power/cash comes great responsibility/liability. Below is a list of the common legal issues facing HNWIs.

1. Business and Corporate Law: Entrepreneurs and high net worth individuals may require legal advice related to business formation, mergers and acquisitions, corporate governance, and contractual matters.
2. Asset Protection: Wealthy individuals may be vulnerable to lawsuits and liabilities. They often seek legal means to protect their assets from creditors, litigants, and other potential risks.
3. Privacy and Security Concerns: With increasing wealth comes an increased need for privacy and security. High net worth individuals may face issues related to cybersecurity, identity theft, and protection of sensitive information.
4. Regulatory Compliance: Wealthy individuals may need to navigate a variety of regulations, including those related to investments, securities, and financial transactions.
5. Real Estate Transactions: High net worth individuals often engage in significant real estate transactions, which can involve complex legal negotiations and property-related legal issues.
6. Estate Planning and Wealth Transfer: High net worth individuals often have complex estates and significant assets that need careful planning to minimize estate taxes, ensure proper wealth distribution, and protect their assets for future generations.
7. Taxation: High net worth individuals may face intricate tax issues, including income tax, capital gains tax, gift tax, and estate tax. These individuals often seek legal strategies to optimize tax efficiency and ensure compliance with the tax laws.
8. International Tax and Offshore Accounts: High net worth individuals with global financial interests need to navigate the complexities of international tax laws and disclosure requirements related to offshore accounts.
9. Charitable Giving and Philanthropy: Wealthy individuals often engage in charitable giving and philanthropic activities, requiring legal guidance to ensure compliance with charitable laws and maximize the impact of their donations.
10. Divorce and Family Law: High net worth individuals may encounter unique challenges during divorce proceedings, such as the division of complex assets, spousal support, and child custody matters.

Some planning and preparation can help mitigate these risks. Where inevitable, a concierge legal partner can help properly navigate such issues.