Estate Planning

We have written The Hong Kong Estate Planning Guide for you.  It is the complete estate planning and child protection guide for Global Citizens living in Hong Kong.

This 30 page guide is an easy read without all the legal jargon to confuse and we have given a complete and clear fee breakdown on page 25.  Our goal is to educate and empower clients to get the process started and we have made it as easy as possible with this free guide you can download now.

We have legal documents for a complete Hong Kong estate plan and given you the opportunity to collect free Hong Kong Guardianship Deeds to protect your children today.

Make an appointment today to speak to an estate planning specialist.  Click here.

Free Hong Kong Guardianship Deeds

A “ward of the state” means that children can legally become orphans and must be held by the courts before it is decided which person takes custody as the legal guardian.  There are two types of guardians.

  1. Permanent Guardianship

  2. Interim (temporary) Guardianship

Permanent Guardianship – This empowers the permanent guardian of your choice to become the legal carer of your child.  They inherit all your powers as a parent and all the legalities that go with child rearing decision making.

Interim (temporary) Guardianship – The common problem with global citizens is that the permanent guardians may not live in Hong Kong or may be travelling or on holidays during the loss of both parents.  The interim guardians are empowered to be able to step in and collect the children until the permanent guardians can be located and make the handover.  This can be a friend or family in Hong Kong.

Visit www.hongkongguardianship.com to collect your free guardianship deeds today.

Wills

Your will is an important legal document which specifies how you wish your estate to be administered and distributes in the event of your death. We believe that the preparation of a valid will should be a key component of your estate and financial planning. Drafted correctly your Will can be used to help prevent:

  1. Delays in probate

  2. Family Disputes

  3. The forced sale of assets

  4. Unnecessary taxes

  5. Tax effective transfer of assets to family members

  6. Stamp duty effective transfer of assets to family

  7. Forced heir ship issues where an heir to the estate doesn’t want the responsibility of inheritance

  8. To provide for the effective administration of your estate it is vital that your nominated Executor is willing and able to administer your estate on your behalf.

If you haven’t written a will, the government has written one for you.  They will govern who receives the proceeds of your estate and will have their own law as to how those proceeds will be distributed according to a next of kin hierarchy.

At The Protection Company we look at cross-border estate and tax issues for global citizens.  Bringing together an experienced panel of world-class lawyers and trust companies to complete a customized estate plan on budget.

Power of Attorney

It’s important to have a will written but just as important and statistically more likely is that you have legal documents that control your financial estate while alive.  Your wills are activated only on death, but what if you are incapacitated?  From our experience this has occurred due to:

  1. Coma

  2. Dementia

  3. Alzheimer’s

  4. Quad or Paraplegia

  5. Loss of speech

  6. Loss of sight

  7. Severe burns

  8. Other accidents or illness

You can plan for these events with a “Power of Attorney”.  You should be aware that a Power of Attorney is a very powerful document and should not be granted lightly and should be entrusted to a close relative or trusted family friend.

Cross-border estate planning for global citizens it’s imperative to have this document in each country where you own assets.

Advanced Medical/Health Directive

This legal document is usually prepared when a person has a specific medical procedure or practice they wish to have withheld should they become ill. For example; the person may wish to have a blood transfusion withheld based on personal or religious beliefs; or to be placed into care if they have dementia or Alzheimer’s disease.

This power does not give the Attorney the authority to withhold basic needs such as food or water or give authority to euthanize.  In circumstances where you pre-agreed to disconnect life support in the event that two qualified doctors agree the person is “brain dead”, then you can empower them to do so.

This document and its powers differ country to country and state to state.