〈NEWS〉The Differences Between Insurance Trusts and Insurance Claims Trusts

Banking and savings

Insurance Trusts The Differences Between Insurance Trusts and Insurance Claims Trusts Firstly, an insurance trust refers to a trust set up by the policyholder during one’s lifetime, transferring ownership of his/her life insurance policy to the designated trustee for custody and management. This way, if the policyholder unfortunately passes away, the trustee can distribute the […]

〈NEWS〉Benefits of Holding Policy Assets in Trust

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NEWS Benefits of Holding Policy Assets in Trust   There are two main ways to hold policies in an insurance trust. One is for the trust settlor to transfer ownership of the policy to the trust. The second is for the trust settlor to purchase a new policy through the trust. In addition to these […]

What is a Standby Insurance Trust

Business Financing Accounting Banking Concept

NEWS What is a Standby Insurance Trust Another type of insurance trust is a standby insurance trust. Similar to an insurance trust, a standby insurance trust also uses the insurance proceeds rights as the trust property. However, unlike an insurance trust where the policyholder is the trustee, for a standby insurance trust, the policyholder remains […]

What are Insurance Trusts

Pig Bank And Money.

NEWS What are Insurance Trusts   In recent years, wealth preservation and inheritance have always been hot topics among high-net-worth individuals. Insurance trusts, as a wealth management tool combining trusts and life insurance, have gradually gained favor among high-net-worth clients and are widely used.       As a type of family trust, an insurance trust has […]

Case Study : Minimizing Inheritance Disputes – Building a Harmonious Family

The old believe everything. Shot of a happy family celebrating a birthday at home.

Case Study Minimizing Inheritance Disputes – Building a Harmonious Family Introduction:     In this case, we explore the concerns of Mr. Meng, a 60-year-old entrepreneur who has enjoyed success in his career and family life. However, having been through two marriages and having children from each, he is growing increasingly concerned about potential inheritance […]

Ensuring a Dignified Retirement for a Father After Immigrating

Passport And Visa Application On Table

Case Study Ensuring a Dignified Retirement for a Father After Immigrating Introduction:     This case examines the concerns of Ms. An, a 53-year-old woman, regarding her father’s well-being and financial security after her family’s decision to immigrate to the United States. It emphasizes the importance of comprehensive planning and introduces the concept of a […]

Safeguarding Assets through Asset Custody

Replacing undesirable employee.

Case Study Safeguarding Assets through Asset Custody Introduction:     This case explores the intricacies of asset custody, a situation where assets are held by a third party, and the potential risks it can pose. It highlights the importance of proper planning and introduces the concept of a family trust as a solution to mitigate […]

Case Study 3: Family Asset Protection Plan

Protect

Case Study Family Asset Protection Plan Introduction:     Mr. Li, a 75-year-old retired entrepreneur, hails from an affluent family with multiple businesses and substantial assets. With numerous family members and high asset valuations, Mr. Li faces an increasing number of risks and challenges. In recent years, his health has been deteriorating, leading him to […]

Case Study 2: Trusts Empowering Wealth Succession

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Case Study Trusts Empowering Wealth Succession Introduction:     In this case, we delve into the concerns of Ms. Tang, a 60-year-old entrepreneur who is contemplating the issue of wealth succession. She is torn between using a will or a family trust and has sought advice from numerous professionals.   Key Differences between Wills and […]

Case Study 1: Generational Inheritance – A Prosperous Family with Many Descendants

Family of five having fun outside at dusk

Case Study Generational Inheritance – A Prosperous Family with Many Descendants Introduction:     In this case, we examine the situation of Mr. Jiang, a 70-year-old retired entrepreneur. Mr. Jiang is now in the twilight of his life, and his greatest hope is to see his family prosper with many descendants. While many of his […]