Private Client, Probate & Trust

The Importance of Artworks Valuation in Tax and Estate Planning or in Divorce Proceedings

The Importance of Artworks Valuation in Tax and Estate Planning or in Divorce Proceedings 900 700 Freda Lim

Valuation of artworks is the first step that an investor should think about as it has deep consequences in wealth and estate planning, as well as in case of future divorce proceedings.

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Acquisition and Protection of Art: from Building a Collection to Safeguarding its Copyright

Acquisition and Protection of Art: from Building a Collection to Safeguarding its Copyright 1600 1200 Alfred Ip

Common issues for art law include how works of art should be valued, how to protect and acquire ownership of Intellectual Property Rights in art, free speech issues, authenticating and dealing with stolen artworks, cross-border transfer and a variety of business issues related to the art industry.

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Trust Focus Week: Breach of Trust and “Anti-Bartlett” Provisions

Trust Focus Week: Breach of Trust and “Anti-Bartlett” Provisions 600 800 Alfred Ip

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.

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Trust Focus Week: Private Trust Companies

Trust Focus Week: Private Trust Companies 1200 795 Freda Lim

If you would like to carry on your family business for successive generations and you feel that the retention of such shares is of utmost importance and that you do not want a third-party trustee to interfere with the management of the business, then a PTC or a VISTA Trust may be the solution for you.

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Trust Focus Week: Choice of Trustees

Trust Focus Week: Choice of Trustees 1700 1133 Alfred Ip

The major hurdle is finding the right trustee since there is no standard answer as the wishes of the settlor, family circumstances and asset picture or holding structure can all affect the choice of trustee.

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Trust Focus Week: Different Types of Trusts

Trust Focus Week: Different Types of Trusts 1000 1499 Freda Lim

There are different types of trusts for different purposes depending on the settlor’s needs and goals, while the essential characteristic of all trusts is the separation of legal and beneficial ownership.

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Trust Focus Week: An Introduction to Trusts – A Medieval Concept Still Relevant Today

Trust Focus Week: An Introduction to Trusts – A Medieval Concept Still Relevant Today 1200 801 Emily Chak

In the modern days when even chivalry has been pronounced dead by many, trusts remain relevant, especially for those who wish to protect family wealth and plan for succession.

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Power and Duties of the Executor of a Will

Power and Duties of the Executor of a Will 1600 1040 Alfred Ip

Anyone making a Will should carefully consider how to choose the executor, and whether to put in additional clauses governing the powers and duties of the executor in the Will.

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Domicile and Why it’s More Than Just Where You Live

Domicile and Why it’s More Than Just Where You Live 598 417 Alfred Ip

A person’s place of domicile carries potentially significant legal and practical consequences that may not immediately be apparent

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Cryptocurrencies in the Complicated World of Tax, Estate and Trust Law

Cryptocurrencies in the Complicated World of Tax, Estate and Trust Law 1051 701 Alfred Ip

What happens to virtual currencies once the owner has passed away? Is an individual able to distribute such assets if he wishes to do so through his will?

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