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.
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.
What happens to virtual currencies once the owner has passed away? Is an individual able to distribute such assets if he wishes to do so through his will?
If you want a proper way to plan for your succession and ensure your loved ones are looked after in your absence, you need a Will.
According to the CAF World Giving Index, Hong Kong is ranked 18th out of 144 economies in the survey with 55% saying they have donated money to a charity
You may have great ideas in helping the community, however knowing what steps you need to take may require proper legal assistance.
We explain why a will is vital for couples without children – a common phenomenon in Hong Kong and how a will is essential to these couples when planning their estate.
Everything you need to know about estate administration and executors in Hong Kong. We explain what the executor does, who can be one and how to appoint one.
You don’t have a will? Seriously! We discuss who can actually draft a will in Hong Kong… and how it can all go wrong when it’s not done correctly
Same sex couples in Hong Kong may not be entitled to marriage rights and benefits but those who plan ahead can still achieve much of the same ends through proper estate planning.