LATEST NEWS
Administration of Estates in Hong Kong
By Alfred Ip, Partner, Notary Public and CEDR Accredited Mediator
In Hong Kong, it is an offence to deal with the estate of a deceased person which is not set out in the schedule annexed to a grant made in respect of the estate, and thus it is necessary to obtain a Grant of Probate or Letters of Administration from the Hong Kong Court, either by submitting an application or resealing a grant from approved jurisdiction.
Estate Planning in Hong Kong
By Alfred Ip, Partner, Notary Public and CEDR Accredited Mediator
Most people associate words like "Will" and "Estate Planning" with mortality - a subject of taboo- especially in the Chinese community. However, estate-planning is essential for those who want to take control of their own wealth beyond their lifetimes, and minimize the agony of those who care for them.
While it is not everyone who has the wealth of Nina Wang, it is believably everyone's wish to avoid the legal saga that she left behind.
DINK or DINKY Alert!
By Alfred Ip, Partner, Notary Public and CEDR Accredited Mediator
“Double Income No Kids” has been popular since the 80s, and a lot of high-earning couples who choose not to have children are therefore able to afford a more luxurious consumer lifestyle than those with children.Statistics show that, after 30 years, the number of DINK couples is still on the rise.
For those high net-worth couples, it is dangerous to assume that their spouses will inherit everything when they pass away, because in fact that is only the case in respect of their clothes, cuff-links, hang-bags and shoes!
The Rocky Horror Show
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