Estate Planning: Untold Insights about preparing for our loved ones


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To most people, what matters is not their own wellbeing but their loved ones’. Whilst it may not be difficult to provide for that during one’s lifetime, it may be virtually impossible to do so when one is gone. It is therefore important to plan ahead to make sure that the loved ones are well taken care of in case of an eventuality.


The law generally states the default position in the absence of any estate planning (e.g. the Intestates’ Estates Ordinance in Hong Kong stipulates that the primary heirs are one’s spouse and children), but it is increasingly common for people to tailor-make their own contingency arrangements. Different tools and devices may be deployed to that end, and a general understanding of the features of different devices is essential to finding the most suitable solution in the circumstance.