Podcast S1E5 | Private Client: Estate Planning & Probate Process https://www.hugillandip.com/wp-content/uploads/2018/11/hugill-ip-hdr-senior-women_1920x700.jpg 1920 700 Alfred Ip https://www.hugillandip.com/wp-content/uploads/2019/09/hugill-and-ip-solicitors-Alfred-Ip_500x700.jpg
Partner
Alfred Ip
We understand that in Hong Kong it is not only high net worth clients who have complex cross-jurisdictional needs, with businesses, homes and assets located within Hong Kong and overseas.
Through years of practice we have built knowledge of key considerations that apply to various jurisdictions and built strong connections with specialist practitioners worldwide to provide a one-stop seamless global service.
Helping individuals preserve and enhance their wealth over the long-term comes with investment strategy, overall strategy and structure. We take into account your circumstances and reflect that with the most appropriate structure and approach for you.
We do not believe that the “standard structure or trust” can ever be a genuine long-term solution and it is unlikely to be as effective as a carefully planned bespoke solution.
References
Adam Hugill is recognised as Recommended Lawyer in the category of Leading Employment & Labour Lawyers.
Alfred Ip is recognised as First Tier Lawyer in the category of Leading Estates, Probate & Succession Litigation Lawyers.
They have been identified by their fellow Hong Kong-based lawyers and barristers specialsing in in these areas for their expertise and abilities in the area.
Doyle's Guide - 2020
Hugill & Ip has been ranked by Benchmark Litigation in the following practice areas:
- Notable Firms for Commercial and Transactions
- Highly Recommended for Private Client
Hugill & Ip is recognised for its work in dispute resolution and the firm has a distinct focus on employment and private client litigation. Key names in the dispute resolution team include partners Alfred Ip and Adam Hugill who led the majority of cases worked on during the research period.
One highlight saw the firm advise a beneficiary in challenging an action of the professional administrator in his estate administration by selling the family home. The home in question used to be the recording studio of Crown Records, one of the most renowned record labels in Hong Kong in the 1970-80s.
Benchmark Litigation - 2020
Alfred Ip of Hugill & Ip Solicitors maintains a strong reputation for his contentious probate, trust and estate planning practice. He typically represents families and private individuals in estate disputes, probate actions and applications for declaratory relief. One source confirms that he is “very adept at dealing with probate matters.”
Chambers Asia - 2020
Three of Hugill & Ip partners ranked as Asialaw Leading Lawyers in the following practice areas:
- Adam Hugill for Labour and Employment
- Alfred Ip for Private Client and Dispute Resolution
- Christopher Hooley for Corporate and M&A
Client feedback:
“We are happy with the comprehensive and holistic work done by the law firm and Alfred Ip. They helped us to revise the trust deed to fulfil the requirement of the client.”
“Adam Hugill is canny, smart and well educated as well as being easy and pleasant to communicate with.”
“Adam Hugill is an excellent communicator, listening intently and giving helpful advice, not shielding us from the ‘bad news’. Emails are answered promptly and succinctly, and I trust his judgment thoroughly.”
Asialaw - 2020
Alfred Ip of Hugill & Ip Solicitors is noted for his private client work, having particular expertise in litigation arising from wills and inheritance provisions. Clients praise his “strategic” approach and describe him as a “big-picture lawyer”. “He is pragmatic and goes straight to the point”, a source also reports.
Chambers Asia - 2019
How we can help you
Cross-border Asset Management
Internationalisation of both Asian and non-Asian clients and a cross-jurisdictional spread of family assets means much more complex succession and tax issues. We take a broad and independent view and are better placed to understand the structure well before the investment strategy. Large returns on assets are immaterial if swallowed up by unforeseen taxes, legal liabilities or inadequate succession planning.
Although Estate Duty has been abolished in Hong Kong, it does not mean that estate planning is no longer important.
The focus of estate planning nowadays has shifted to the efficiency of cross-border asset management, and to alleviate the pain and trouble of the often cumbersome bureaucratic process, which in most cases will be dealt with by the most beloved one simultaneously with the grief of the loss.
Estate Planning for an Autonomous Future
Society progresses as fast as technology, and social development liberalises options, especially in terms of who you are, who you want to be with, and how you want to spend the rest of your life, especially at the terminal stage. Unfortunately, the law often fails to recognise those options, especially the unorthodox ones. Estate planning is accordingly quintessential to a complete autonomous future.
Estate Planning Itself is Your Intangible Legacy
This is a way for you to:
- Decide your post-mortem matters, and assign a competent candidate to execute the same
- Take care of those family members who have special needs
- Provide for those who cannot benefit from your legacy under the law without your proper directives
- Maximize the benefits of your loved one from your wealth, without compromising his/her other entitlements such as government subsidies
We assist clients of diversity to achieve the above objectives by assessing their needs and concerns and providing practical legal solutions to meet the above objectives. We provide professional advice on estate planning for singles or for married couples, or estate planning for UK expats in Hong Kong.
Insights
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