Singapore Family Office Part 2

In this episode, ongoing tax liabilities and structuring options will be explored and discussed, and in light of the current COVID-19 crisis, the impact of succession laws on a Single Family Office, whether held personally or via a trust, will be specifically discussed. The podcast will end with a case study to illustrate and bring together points made during the two sessions.

 

Single Family Office: Ongoing Taxation  (Kylie Luo, Executive Director, Private Client BDO) 

1. Ongoing Implications of Family Offices

- Taxation of Distributions

- What to consider once the Family Office is set up?

- Tax implications at the various levels of the Family Office structure

2. Ongoing Implications of Family Offices

- Pitfalls and Termination

- Additional implications to consider in changing and evolving the ownership structure

- Termination of the Family Office Structure and its implications

3. Different Structures to Cater to Specific Needs

- Foreign Grantor Trust Structure

- Structure with more than 1 Trust

- Structure with more than 1 Fund

- Managed Account

 

Single Family Office: Succession (Zac Lucas, Partner, McCarthy Denning)

Evaluation of Succession Implications

- Succession Overview

- Corporate Structure – Shareholder

- Trust Structure – Beneficiary

- Singapore Trust | Anti-Forced Heirship Rules

- Applicable Will, Will Trust and Intestacy Rules

- General Foreign Law Implications

 

Single Family Office: Case Study

Panel Discussion:

Joe Teng, Regional Head of Sales, Amicorp (Moderator)

Kylie Luo, BDO

Zac Lucas, Spencer West

Dominic Volek, Henley & Partners

 

Webinar audio recording dated 24 Apr 2020. See Disclaimer, Copyright and Trademarks at https://www.zaclucas.com/disclaimer