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20170831_Trust.pdf
Trusts are an important part of your estate planning where you can establish a Family Trust in a legal way to hold and protect your assets, for you and your family, now and in the future. However, historically the main driver for the reason to set-up trusts was tax savings in Asia. Therefore, after the abolition of Estate Duty in early 2006 in Hong Kong, the demand in setting up trusts had dropped significantly until now, thanks to the extraordinary continued strong ecominic growth in China in the last 20-30 years, in recent times we have seen the growing interest from mainland’s high net worth individuals, seeking to use of trusts for asset protection and succession planning.
This seminar will provide you a step-by-step guide to setting up a trust; from the definition of a trust, its main benefits, common trust structures for Chinese clients, comparision of trust juridcitions, how to choose a trustee to the responsibibilities of trustees. In addition, we will also cover the CRS’s implications on trusts.