The difference between Wills and Trusts is not always obvious. Both are valuable Estate Planning tools but they are not the same. Here are the main differences.
Homemade Wills often present more problems than solutions. Will drafting should always been done properly by professional lawyers with specific experience in Estate Planning.
When planning to relocate from Hong Kong to the UK, it is crucial to avoid unpleasant surprises from the UK tax law system, that could have a significant impact on personal and family wealth.
Alfred Ip of Hugill & Ip discusses with Julia Jackson and Matthew Braithwaite of Wedlake Bell issues related to immigration. The preparatory steps when applying for resident status in the…
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.
During the current coronavirus pandemic, it’s understandable that many people start thinking if they have properly taken care of their affairs: setting up or reviewing how to protect your assets and loved ones becomes paramount.
In divorce proceedings everything owned or controlled by the parties is to be considered as part of the matrimonial pool. However, there is a difference regarding the assets which have been inherited.
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
All family assets – including Trusts – held in Hong Kong and overseas are normally considered part of the ‘matrimonial pot’ in divorce proceedings
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.