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.