derek liang

Breakdown of Trust in Family Trusts

“From shirtsleeve to shirtsleeve in three generations” describes the infamous inheritance issues faced by countless families today. To solve this problem, many affluent and high net worth families have turned to the trust structure as a centrepiece of their estate planning with the objective to consolidate and preserve wealth for the future generations. A well-constructed […]

6 Pitfalls of Writing only a Will

In 2016, Singaporeans ranked #3 globally for household wealth and #197 for birth rate. What this means is that our children are going to be much richer before they are ready. Wills are a common and familiar tool most affluent individuals use to distribute their assets when they are no longer around. In China, the […]

5 Lessons Learnt from Tan Kim Seng’s Will

People often mistake family trusts to be a relatively new concept in Asia and Singapore. After all, family trusts were first popularized by Western private banks with a dramatic rise of family offices in recent years. I was captivated by a social media post by the Citizen Archivist project organized by the National Archival Board […]