Top 10 Best Trust and Fiduciary Services in Hong Kong

Beginner’s Guide to Choosing the Best Trust and Fiduciary Services in Hong Kong

One of the most important decisions while creating your estate plan is choosing a trustee to serve now and in the future for trusts that may be created. As you consider your options, it will help to consider your estate planning as more than just a tool to transfer your assets while saving taxes. In essence, it’s a program to manage your wealth for you and your family during various time frames for years to come.

It’s also important for married couples, as the trust will be focusing on the welfare of the surviving spouse. It can also extend to children, grandchildren, and others.

A good trustee needs to meet certain personal attributes and several technical capabilities. The personal attributes include impartiality, integrity, and the ability to be discreet regarding confidential and sensitive information. Besides that, a good trustee should also have empathy for the beneficiary and the ability to be firm when necessary.

What Is Trust and Fiduciary Services?

A trust is a fiduciary arrangement that allows a third party, or trustee, to hold assets on behalf of a beneficiary or beneficiaries. Trusts can be arranged in many ways and can specify exactly how and when the assets pass to the beneficiaries.

The fiduciary is another individual or a company that offers asset management services by acting on behalf of a client. Individuals who are interested in general asset management, financial advisory or guidance can find themselves this service in Hong Kong.

Why Do You Need Trust and Fiduciary Services?

There are many reasons why you should use a trust and fiduciary service. The first and particularly important reason is this service protects your wealth. You can specify the terms of a trust precisely, controlling when and to whom distributions may be made. You may also, for example, set up a revocable trust so that the trust assets remain accessible to you during your lifetime. Not only designating to whom the remaining assets will pass thereafter, even when there are complex situations such as children from more than one marriage.

Besides that, having trust protects your legacy. A properly constructed trust can help protect your estate from your heirs’ creditors or from beneficiaries who may not be adept at money management.

Last but not least, this service helps you maintain your privacy and you can save on probate fees. Probate is a matter of public record like the official proving of a will. A trust may allow assets to pass outside of probate and remain private. Not forgetting, it may possibly reduce the amount lost to court fees and taxes in the process.

Where Should I Find the Best Trust and Fiduciary Services?

In Hong Kong, there are many trust and fiduciary services available. It may be overwhelming for you to choose a service with so many options available. Thus, we made a list of the top 10 best Trust and Fiduciary Services in Hong Kong.

Here Are the Top 10 Best Trust and Fiduciary Services in Hong Kong

Osome

The Hong Kong Trust Company Limited

Hong Kong Fiduciary Association

Phoenix Wills

Sovereign Trust (Hong Kong) Limited

Soteria Trusts

Fidinam (Hong Kong)

Oldham, Li & Nie

JC Legal

End of List on the Top 10 Best Trust and Fiduciary Services in Hong Kong