In divorce proceedings everything owned or controlled by the parties is to be considered as part of the matrimonial pool. However, there is a difference regarding the assets which have been inherited.
Will Ripley and Alfred Ip on implications of estate planning and Wills: from funerals to distribution of memorabilia, but especially provisions related to children.
Alfred Ip talks to Will Ripley about the importance of having a Will and the implications of the probate process in Hong Kong
Death is often a taboo in Hong Kong and people do not like to think about it. Hence, we have seen a lot of issues arising as a consequence of the lack or delay of a proper estate planning.
There are more than a quarter of a million children who get adopted each year worldwide, with most of adoptions happening in the USA and China. The phenomenon of adoption is becoming rather common in most developed economies, and Hong Kong is no exception.
Caring for aged loved ones often imposes a heavy burdens on friends and family. The burden increases significantly if the loved one becomes mentally incapacitated.
There are many cases where mental illness is actually one of the main factors causing a relationship to break up and lead couples to separation and divorce
Divorce can be linked to specific and long-term impacts on health and overall mental well-being. Naturally when the main caregiver is emotionally stressed, his or her children would inevitably suffer too.
Many spouses are surprised to learn just how commonplace it is for the counterpart to hide assets before or during divorce proceedings. Despite being illegal, similar situations and despicable behaviours keep happening time and time again.
Setting up temporary custody of your children is strongly advised in case of the occurrence of the worst-case scenario, or even temporary absence. This is extremely important especially for expat families and single parents.