27 October 2020 - Article
Estate of a gentleman domiciled in Singapore who died intestate, estate size over HKD 500 million with valuable real estate properties in Hong Kong under leases. Applied for Grant Ad Colligenda Bona to collect rent and renew leases and conducted Rule 29© application for a Grant of Letters of Administration.
Administer the HKD 150 million estate of a lady who was the sole beneficiary of her husband’s estate and passed away one month after her late husband did. Assisted UK beneficiaries in execution of a Deed of Variation to vary their entitlement for succession purposes.
Administer the estate of a gentleman who was Hong Kong domiciled but deemed domiciled UK for inheritance tax purposes, worldwide IHT would have been over GBP2.5 million but after negotiation with UK tax authorities, received an offer of one million GBP reduction. Assets in four different jurisdictions. Beneficiaries from four jurisdictions consisting of individuals, local and oversea charities.
Handled the client relationship of a tradition Chinese family, the original Will of the deceased patriarch was lost by a solicitor’s firm, applied to Court for leave to probate a copy Will. Client management due to emotional distress caused by the loss of deceased’s “last memories”
Appointed Committee for the Estate of a gentlemen who suffered a double stroke, applied to Court for a Statutory Will. Application approved with Will signed on behalf of MIP in 3 months’ time. Resolved potential opposition to ensure the application went smoothly.
Administer fixed trust and discretionary trust which was involved in Cayman proceedings involving the definition of the term "issue".
‘Planning ahead in times of the Coronavirus’, Co-author, March 2020
‘Managing incapacity in Hong Kong’s ageing population’, Co-author, January 2020
Society of Trust and Estate Practitioners
InsightView all Firm insight
26 October 2020 - Article