Watch the On Demand version of this discussion

The global pandemic has focused hearts and minds across the world on issues of mortality, and in the world of private wealth management, bankers, advisors, trustees and lawyers are all reporting a dramatic increase of estate and legacy planning. As well all know, lives are complex these days, and the more wealth individuals have, so too usually the greater the complexity in their family lives and the greater the diversity and dispersion of their businesses, homes, financial assets and overall wealth. Whatever the scenario facing the individual and the families, the first advice from any good family lawyer is ‘Make a Will’. But to do so inclusively and professionally takes time and planning, and to do so poorly risks horror stories ahead. And if an individual dies without having a valid will in place, he is ‘intestate’, and that must be avoided if at all possible. For those who write proper Wills, they need to be aware that they must be written extremely carefully, they must include literally everything that they own and they must be aware that in a litigious world such as well all inhabit, they can be challenged by family or indeed third parties, if they feel hard done by, or aggrieved, or if there are cloudy areas that might need interpretation. Sometimes, other family members arrive on the scene unexpectedly, unbeknown to the principal family members. In a complex world in which wealthy families have so many overseas assets of different types, the Will must be comprehensive and tax efficient wherever possible. The individual might need multiple Wills to cover different jurisdictions. Executors must be appointed in the Wills, and substitute executors as well potentially. The process of probate is often extremely time consuming, and stressful and a very careful eye must always be on the tax implications, not only in the domicile of the deceased, but also in the jurisdictions where various businesses and assets are held.

In our Hubbis Digital Dialogue of July 22, our carefully assembled panel of experts will outline their views on these vital issues.

Jul 22

The ins and outs of Will writing

3.00pm - 4.00pm HKT/SGT

Featured speakers
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Senior figures in Asian Wealth Management are speaking at this event

Zac Lucas

McCarthy Denning

Mark Smallwood

Rapier Consulting

Tim George

Withers Worldwide

Richard Grasby

RDG Fiduciary Services

John Shoemaker

Butler Snow

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Event Agenda
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  • 15.00pm

    The ins and outs of Will writing

    • What exactly is a Will, and does it differ in different jurisdictions?
    • What are the key components of a Will, and what are the essential elements that must be considered and included?
    • How does the Will relate to other estate and business legacy planning structures that wealthy private clients might have in place?
    • Do HNW and UHNW clients with assets dotted around the world need just one Will or will they need multiple Wills?
    • What are some of the risks of preparing Wills badly, or worse, neglecting to do so entirely?
    • How does tax – both in the main domicile and in the locations of overseas assets – factor into the writing of Wills?
    • Who are the right Executors?
    • What exactly is probate and how long does it take, and who should handle it all?
    • How do Wills also encompass the challenges of the new world of cryptocurrencies and digital assets?
    • Which professionals should be involved in the Will preparation?
    • How to safely store the Will and what are the pitfalls of not planning this properly?

    Moderator

    Michael Stanhope

    Founder & Chief Executive Officer

    Hubbis

    Speakers

    John Shoemaker

    Registered Foreign Lawyer

    Butler Snow

    Zac Lucas

    Partner

    McCarthy Denning

    Richard Grasby

    Founder

    RDG Fiduciary Services

    Mark Smallwood

    CEO

    Rapier Consulting

    Tim George

    Partner

    Withers Worldwide

  • 16.00pm

    Webinar Ends

Jul 22

The ins and outs of Will writing

3.00pm - 4.00pm HKT/SGT

Speakers

Zac Lucas

McCarthy Denning

Mark Smallwood

Rapier Consulting

Tim George

Withers Worldwide

Richard Grasby

RDG Fiduciary Services

John Shoemaker

Butler Snow

Jul 22

The ins and outs of Will writing

3.00pm - 4.00pm HKT/SGT

Partners
Jul 22

The ins and outs of Will writing

3.00pm - 4.00pm HKT/SGT