Trusts

Podcast S1E5 | Private Client: Estate Planning & Probate Process

Podcast S1E5 | Private Client: Estate Planning & Probate Process 1920 700 Hugill & Ip

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.

How’s the COVID-19 Emergency Impacting Estate Planning?

How’s the COVID-19 Emergency Impacting Estate Planning? 600 512 Alfred Ip

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.

How Can Divorce Affect Inheritance Assets?

How Can Divorce Affect Inheritance Assets? 900 675 Alfred Ip

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.

Planning and Leaving an Artistic Legacy

Planning and Leaving an Artistic Legacy 800 600 Alfred Ip

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

The Impact of Divorce Proceedings on Trusts

The Impact of Divorce Proceedings on Trusts 1800 1200 Alfred Ip

All family assets – including Trusts – held in Hong Kong and overseas are normally considered part of the ‘matrimonial pot’ in divorce proceedings

Growing Wealth In Hong Kong Translates Into a Growing Number of Family Offices

Growing Wealth In Hong Kong Translates Into a Growing Number of Family Offices 1900 1267 Alfred Ip

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.

Generational Transition of Family Business and Wealth Preservation

Generational Transition of Family Business and Wealth Preservation 1200 800 Alfred Ip

Transitioning ownership and control to the next generation is only one of the hurdles for many family business owners in succession planning

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.

Trust Focus Week: Private Trust Companies

Trust Focus Week: Private Trust Companies 1200 795 Alfred Ip

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.

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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