Trusts

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.

Trust Focus Week: Different Types of Trusts
Trust Focus Week: Different Types of Trusts 1000 1499 Alfred Ip

There are different types of trusts for different purposes depending on the settlor’s needs and goals, while the essential characteristic of all trusts is the separation of legal and beneficial ownership.

Trust Focus Week: An Introduction to Trusts – A Medieval Concept Still Relevant Today
Trust Focus Week: An Introduction to Trusts – A Medieval Concept Still Relevant Today 1200 801 Alfred Ip

In the modern days when even chivalry has been pronounced dead by many, trusts remain relevant, especially for those who wish to protect family wealth and plan for succession.

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