As part of a thorough Estate Planning, a Will and a Trust usually complement each other, however in some circumstances the terms of the two documents may conflict.
The removal or replacement of executors / administrators of estates and the importance of the Courts’ role highlighted through leading cases
Estate Planning is not a one-off exercise that people should do when they get older, but rather an ongoing process that gets reviewed and revised to be in line with changing situations and family dynamics.
How to contest a Will? How does the Court evaluate its validity?
While one way of protecting a testator’s assets is to have a Will, there are other steps that can be taken to avoid unauthorised or unfair transfers during their lifetime.
Homemade Wills often present more problems than solutions. Will drafting should always been done properly by professional lawyers with specific experience in Estate Planning.
Alfred Ip and Kerby Lau discuss the importance of proper estate planning and the probate process in Hong Kong while also highlighting some of the most common pitfalls and how to avoid them
Margaret Wo and Alfred Ip discuss the essentials of estate planning and probate process in Hong Kong plus some common pitfalls and how to avoid them.
All family assets – including Trusts – held in Hong Kong and overseas are normally considered part of the ‘matrimonial pot’ in divorce proceedings
It is reassuring for settlors to know that the Hong Kong courts hold professional trustees to a very high standard when exercising their fiduciary duties. Strong protection from the courts may be another reason why professional trustees may be preferred.