Private Client Wealth Management: Estate & Tax Planning and Asset Protection
While wealth management solutions often focus on growing wealth, individuals and families who have accumulated wealth are often equally if not more concerned with finding ways to preserve their wealth and pass it to future generations in an orderly and controlled manner.
How can individuals families protect their wealth against creditors?
How can they minimize the erosion of their wealth as a result of taxes?
How can they provide for the future distribution of their wealth to their children and grandchildren without losing control of it?
How can they avoid disputes amongst their children?
Answering these questions and others requires a thorough understanding of tax laws, succession and inheritance laws, company laws, banking laws, matrimonial laws and bankruptcy and insolvency laws.
Timothy Loh Corporate Services brings 15 years of experience in providing wealth management solutions to high net worth individuals and their families. We work with clients to identify commercial objectives and we work with tax and legal advisers in jurisdictions where assets or family members are located to identify potential risks to their wealth.
How We Help Private Clients with Wealth Management
Our services include:
Setting up family trusts designed to protect assets from creditors (i.e. asset protection trusts) as well as family trusts to distribute capital to family members and designated third parties (i.e. estate planning trusts)
Serving as trustee for a family trust
Setting up a private trust company ("PTC") owned by the family to serve as a captive trustee of a family trust and advising family members on the operation of a private trust company and in particular, on the proper discharge of the private trust company's duties as a trustee under trust laws
Additional Services for Private Clients in Wealth Management
In Hong Kong, we work closely with our affiliated law firm, Timothy Loh LLP, to design and implement family holding structures using companies, trusts and funds, in Hong Kong as well as overseas to protect assets and to facilitate distribution of assts. We ensure that holding structures will survive scrutiny by tax authorities as well as by the courts civil proceedings. These civil proceedings may include family law proceedings by hostile spouses as well as inheritance law proceedings by children and other family members seeking to challenge their share of the family wealth.