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.
Despite the fact that the marriage equality agenda is gaining momentum, much more still needs to be done in order to achieve the same rights and civil freedom rights for everyone.
Visit our Wills of Concern campaign to find out more about how we are raising funds for AIDS Concern by writing wills for donations until end of 2019.
Hugill & Ip and AIDS Concern announce a charity campaign raising funds for a fall in new infections, stop spread of HIV/AIDS, eliminate stigma for those with HIV.
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.
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.
It’s sad to imagine, but should something happen to both parents, children under 18 years old will need a guardian to take care of them as well as make decisions for them.
Challenges concerning testamentary capacity have been a common issue arising before the courts. The Court of Final Appeal has recently provided guidance on testamentary capacity in a case concerning an estate matter.
The fact that artists generally give very little consideration to proper estate planning can affect the value and the marketability of a single piece of art or an entire art collection thought their own lives
Hong Kong has been experiencing a boom of family offices, further incentivised by tax breaks or residency options. It is indeed a very efficient Wealth Planning tool for HNWI.