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.
What do you need to consider and do before you make your Will? Why do you need a private client specialised lawyer to draft your Will? When do you need to review your Will?
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.
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.
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.
Through proper Estate Planning same-sex couples can enjoy nearly similar benefits as other couples in Hong Kong, and their children can be suitably protected.
Transitioning ownership and control to the next generation is only one of the hurdles for many family business owners in succession planning
Valuation of artworks is the first step that an investor should think about as it has deep consequences in wealth and estate planning, as well as in case of future divorce proceedings.