Trusts Establishment and Administration

Trusts are one of the most versatile vehicles to give effect to personal planning intentions. P. C. Woo & Co. has many decades of experience in the design and establishment of trusts that care for the specific needs of individual clients. Such trusts may be located in off-shore jurisdictions to enhance protection, confidentiality or flexibility and P. C. Woo & Co. has established working relationships with lawyers and fiduciaries in the major centers around the world.

The reasons that one individual may choose to establish a trust may vary from that of another. Some may see a need to enhance protection from creditor or political risk, or those with a dynastic family holding may see a need for spousal risks. Others coned also establish trusts for regulatory reasons. P. C. Woo & Co. can design trusts to meet specific individual requirements, and ensure that the continued administration of such trusts is in keeping with high standards.

We regularly work with and for fiduciary service providers who administer trusts and handle estates pursuant to wills or testamentary arrangements. Such providers are mostly licensed and regulated. P.C. Woo & Co is positioned to assist in dealing with all regulatory issues and is particularly experienced in trusts holding cross media and broadcasting interests. We regularly review trust deeds and other documents for fiduciary servicer providers. We also draft policy and procedural manuals for private banks and trust companies to ensure they comply with not only legal requirements but also provide a high standard of service to their customers in accordance with best practice and procedures. If necessary we provide training for their promotion personnel.

Trusts are often used as charitable institutions because they provide a high degree of flexibility. P.C. Woo & Co. regularly advises on and establishes charitable entities on a bespoke basis or to meet philanthropic aims or the social goals of individuals or NGOs. We also provide post establishment assistance to ensure that the charitable trust operates optimally in full compliance with the tax exemption status conferred by the Inland Revenue Department.

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