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The whole area of asset protection is highly specialized. Solutions can include the simple designation of beneficiaries , the making of a will or the setting up of inheritance trusts and asset protection companies.

The whole area of asset protection is highly specialized. Solutions can include the simple designation of beneficiaries , the making of a will or the setting up of inheritance trusts and asset protection companies.

This is an area that should be considered by everybody. We need to protect the assets that we all work so hard to build up. Solutions to consider might include any combination of those listed on this page or other even more individualized structures. Whatever your situation, this is an area that is of crucial importance and which is too often overlooked until it becomes too late.


Asset Protection against litigation

Assets held offshore under third party ownership are normally safe from creditors or litigation. This type of asset protection tends to be very popular with lawyers, doctors, dentists, company directors or anyone else who wishes to protect their assets from potential liabilities.

Trusts

These are a good way to avoid being taxed on your worldwide income and assets, either in your new country of residence or as you move around the world.

Probate avoidance

A trust can be a much more effective vehicle than a will for ensuring prompt distribution of assets without incurring unnecessary legal fees, particularly when those assets are held in more than one legal jurisdiction.


Tax-Planning

Whilst inheritance taxes can cut severely into assets which have taken a lifetime to build up, there are plenty of steps that can be taken to prevent this, providing that you act early enough. Click here for an example of advanced tax planning for UK domiciles.

Confidentiality

Trusts and offshore companies present an excellent way to safeguard your personal arrangements. No individual organization or institution can find out about your financial affairs.

Wills

notwithstanding all the benefits of using trusts it may that for some situations a simple will is adequate or, in some complex situations, a will should be used in conjunction with trusts. For such situations MBMG provide full will writing services through a top Hong Kong legal practice for a fraction of the normal price. Click here for a brief introduction to the legal background to wills.


 

 
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