For surviving family members, life insurance offers financial stability. However, simply naming a beneficiary may not always be the most effective way to ensure the funds are used as intended.Setting up a trust
Hong Kong's strategic location, strong financial infrastructure, and favorable tax regime make it an ideal destination for family offices.
However, more complex trusts will require the services of an estate planning attorney to set up. A trust or trust fund isn’t only for the super wealthy. One of the main advantages of setting up a trust is having more control over how your assets are distributed, as a will distributes...
UK TRUST SET UP & TRUSTEE SERVICES Families have been setting up a trust to preserve and manage their wealth for centuries. Unlike corporate vehicles, the lack of rigid formal requirements for the creation and operation of trusts, and the tremendous flexibility of trust instruments, make them uni...
Why Is Your Tax Refund Delayed? Here are some reasons your tax refund may take a while to receive this year – and tips for what you can do if yours is late. Kimberly LankfordApril 23, 2025 Don't Let Food Eat up Your Budget
Sometimes, the perception of trusts is one of overreaching. “Managing from the grave,” for example, is a term with a negative connotation, implying that someone wishes to exert control indefinitely. In reality, though, the intention is to help set up the next generation for success. ...
Setting up a living trustmay be one of the best ways to prepare for your future, and the future of your loved ones. There are several other reasons to set up a trust, including the following: Caring for minor children – Trusts can specify when the child will have access to the assets...
Speak with your financial advisor and estate planning attorney about whether a revocable trust and/or an irrevocable trust might be a good estate planning option for you and your family. 3. Trusts offer specific parameters for the use of your assets. Whether you establish a trust under your ...
Regardless of your own state of residency, there are many unique benefits to setting up a foundation as a Delaware corporation. First, foundations set up as corporations have much greater flexibility than those set up as trusts. Second, Delaware allows for sole-director corporations. This means ...
“I am currently working on my will and many people have mentioned that a trust is necessary to go along with the will. I have read a lot of conflicting information about tax ramifications and what not to put in your trust. Can you give any recommendations for setting up trusts or if ...