Family Trust

Family Trust

Family Trust as an alternative to a Will

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:

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
Save Costs & Avoid Troubles
  • To avoid arguments within the family
  • To pass on family values
  • To avoid probate
  • To provide confidentiality
Beneficiaries & Well Being
  • 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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