YIP, TSE & TANG Solicitors & Notaries 葉謝鄧律師行
Family Trust
Family Trust
Family Trust as an alternative to a Will
Online Enquiry Form
Making a Will is the simplest way to deal with succession of your wealth and assets. But, it becomes complicated when setting a Family Trust.
Trusts have multiple objectives or purposes. When setting up a Family Trust in Hong Kong, a settlor usually has the following in mind as the consideration factors. Should you need a professional and trusted trustee to hold assets for you, we have our Trustee corporation called YTT Trustees Limited
to help you to do so.
Family Wealth
- To help manage family wealth
- To keep family wealth consolidated
- To preserve the family wealth
- To protect the family wealth
- As a vehicle to foster the stewardship of family wealth
- To help fund family member's new ventures
- To avoid arguments within the family
- To pass on family values
- To avoid probate
- To provide confidentiality
- Enhance the lives of the beneficiaries
- As an emergency fund for the family
- To protect young beneficiaries
- To make provisions for Settlor's incapacity
- To make provisions for surviving spouse
- Family Business
- Succession planning purposes
- To help continue the family business
Charity
- For charitable and / or philanthropic purposes
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