Why wealthy individuals prefer Hong Kong insurance policies for inheritances

February 24, 2025 South China Morning Post

Why wealthy individuals prefer Hong Kong insurance policies for inheritances

https://finance.yahoo.com/news/why-wealthy-individuals-prefer-hong-093000089.html

Example 1: Anita Mui’s Trust Arrangement

The late Hong Kong singer Anita Mui is a prime example of trust planning. Before her passing, she transferred all her assets into a trust fund, managed by trustees who followed her specific instructions for asset management and distribution. Instead of leaving a lump sum to her mother, the trust provided her with a fixed monthly allowance, ensuring financial security while preventing mismanagement of a large inheritance.

This type of trust arrangement maintains asset stability over time, preventing rapid depletion due to poor financial decisions. Trustees (often professional trust companies or legal representatives) manage investments and fund distributions, ensuring continued wealth growth.

Example 2: Shipping Tycoon Hui Sai Fun’s Family Trust

Another well-known case is the family wealth management strategy of the late shipping magnate Hui Sai Fun. Instead of directly distributing his wealth to his children, he established a family trust and structured his assets under Chow Hing Investment Ltd.

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