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.
COVID-19 has brought the issue to the foreground making people think about what can be done in advance to ensure that loved ones are protected and provided for if the worst happens. The first step to any estate planning is to draft a Will!
Whilst each person’s circumstance is different, a person diagnosed with a life-threatening condition or terminal illness may want to address several necessary estate planning issues.
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.
Kengo and Alfred Ip discuss Estate Planning, same-sex marriage and LGBT rights on Commercial Radio 903 National Education.
Will Ripley and Alfred Ip on implications of estate planning and Wills: from funerals to distribution of memorabilia, but especially provisions related to children.
Alfred Ip talks to Will Ripley about the importance of having a Will and the implications of the probate process in Hong Kong
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.