【Safeguarding Your Child’s Path to Studying Abroad】

Ms. Fung and her husband, both ordinary working professionals, have always hoped their child could receive a high-quality international education to broaden their horizons and enhance their future competitiveness. Their child is an excellent student with plans to study abroad. However, considering the high costs of studying overseas, the complexities of financial management, and the various challenges their child might face while living and studying abroad, the couple decided to establish an education trust for their child to ensure comprehensive support for their study abroad journey.

The couple allocated their years of savings and part of their future expected income into the trust as the funding source for the education trust. The trust institution formulated a detailed financial management plan based on the child’s study abroad plans, ensuring timely and adequate provision of tuition fees, accommodation expenses, living costs, and other necessary expenses during the study period. At the same time, the use of funds is strictly monitored to prevent misuse.

The terms of the trust clearly specify that the institution will provide necessary living and academic support for the child while abroad. For instance, the trust will assist in finding suitable accommodation, arrange medical insurance, and offer emergency contact services. Academically, the trust will provide access to academic support resources to help the child resolve challenges in their studies, ensuring they can successfully complete their education.

Ms. Fung has established a family trust to safeguard her child’s study abroad journey.

By ensuring the child receives a high-quality international education, the trust enhances their overall capabilities and competitiveness, equipping them to better manage and inherit family wealth in the future. The stable financial support and comprehensive safeguards allow the child to focus on their studies, avoiding disruptions caused by financial or living issues.

The knowledge, networks, and international perspectives the child gains during their study abroad will transform into the intangible assets of the family’s wealth inheritance, injecting fresh vitality into the family’s future development and achieving sustainable wealth transfer built on talent cultivation.