Wills, Estate Planning & Trusts
When Experience Matters
We assist clients in the effective planning of their estates and business succession. We consult with clients and other professional advisors to review existing planning and to consider the appropriate measures to take.
In connection with estate planning strategies, we also assist clients in structuring investments and business transactions by utilising off-shore vehicles. In order to provide a more complete portfolio of services for our clients, we work closely with well-regarded and competent trust groups and are able to provide shelf companies in low tax and tax haven jurisdictions such as Hong Kong, the British Virgin Islands, the Cayman Islands, Western Samoa and the Cook Islands.
What is Estate Planning?
An estate plan gives instructions on how you want your money and savings distributed after your death. Estate planning helps you work out: -What you're worth -Who gets what after your death -Who you want as your children's guardian -How you want your assets managed -Who to trust to carry out your estate plan Avoid delay of your money, disputes and intestacy!
With a Will, you can decide who your beneficiaries are and how much they get. You also control whom you trust to be your executors, trustees and guardians. Having a Will can also avoid the potential conflicts and disharmony among loved ones who may dispute how the estate should be distributed. Lastly, the process of administrating the estate is generally faster with a will than without one.
What is a Probate?
Probate is the legal process of distributing an estate according to a Will. The executor named in the Will has to apply for a Grant of Probate to legally distribute a deceased’s assets. Attorney Inc. can help an executor: - communicate with banks, financial institutions insurance companies and other parties to obtain information needed by the executor relating to the estate of the deceased, - apply for a Grant of Probate, assist the executor in various aspects of administering the estate once the Grant of Probate has been extracted. The whole process may take three to six months.
A trust is an alternative way to distribute your estate.
A trust arrangement provides for the needs of vulnerable family members.