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Independent Wealth Management Forum 2019 HK - Exclusive Insights - John Ashwood

John Ashwood of ZEDRA

Oct 28, 2019

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1. Are clients ‘stress testing’ existing trust structures with a particular focus on protecting against external risk: political instability, divorce, bankruptcy, etc?

Video transcript

1. Are clients ‘stress testing’ existing trust structures with a particular focus on protecting against external risk: political instability, divorce, bankruptcy, etc?

Any client would be wise to stress test their existing structure. Hopefully, or yeah, not presumably, but hopefully when they establish the structure, they did seek adequate, both legal and tax advice when, as I say, making choice of jurisdiction, making choice of the type of structure and how that is formed. Let's say, assuming that was done properly from the beginning, then hopefully the stress test would reveal that it is still in in good order. Although perhaps again, because of maybe specific political issues occurring in a particular jurisdiction, there may be decisions made as to whether it might be appropriate to shift either trusteeship or make choice, or change in choice of applicable law for a trust structure in particular.

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