Episode 4：Passing Down Generations
Establishing a family trust for the preservation and appriciation of assets does not only meet one’s retirement needs, but also the need in long-term arrangements for distrubution of wealth among family members, so that the wealth can be passed down and substained across generations.
Under the new trust statute, families can establish trusts that are “perpetual and in existence for an unlimited period of time” in Hong Kong, which are more favourable for substaining and passing down family wealth than the majority of offshore trusts which have a fixed time period. In Hong Kong, untranslated Chinese documents are accepted in litigation for cases on trust, and this advantage in language is particularly attractive to Mainland clients.
In this episode, Ms Connie LEUNG, an experienced senior management in the family trust industry in Hong Kong, is invitied to share with the audience on how establishing family trusts in Hong Kong provides a total solution to the passing down of family wealth.