Wealth Management

HFOP Module 2 - Succession & Estate Planning


This Module 2 of the Henley Family Office Program (HFOP) discusses Estate and Succession Planning, including the family's objectives, useful mechanisms, and practical considerations. It also covers different vehicles that Family Offices use for estate planning, including various types of trusts and when they are best used.

This module is a 3.5-hour (approx. study time) course and is eligible for 2 SFC CPT/PWMA OPT hours.

Check out the other modules in the Program:


By the end of this module, you will be able to:
- Describe what succession planning is and why it is important
- Explain the succession planning mechanisms
- Tell the practical consideration in succession planning
- Explain the characteristics of trusts, the types of trusts and their uses
- State the family requirements and solutions to consider
- List and describe other types of vehicles used by family office for estate planning


Part 1 - Pre-reading materials
(i) Useful Definitions
(ii) Succession Planning for Business Families and Family Offices
(iii) Navigating Generational Divides
(iv) What's the difference between a foundation and a trust?
(v) Essential Element of a Trust
(vi) Succession Drama Grips Scholastic: CEO’s Sudden Death, an Office Romance and a Surprise Will

Part 2 - Presentation Slides of the eCourses

Part 3a - Succession & Estate Planning Considerations*
(i) Introduction
(ii) Section 1: The Context of Succession Planning
(iii) Section 2: Succession Planning Mechanisms
(iv) Section 3: Practical Considerations in Succession Planning
(v) Section 4: Concluding Remarks

Part 3b - Succession & Estate Planning - Estate Planning Vehicles*
(i) Introduction
(ii) Section 1: Characteristics of Trusts
(ii) Section 2: Types of Trusts and Their Uses
(iii) Section 3: Family Requirements & Solutions to Consider
(iv) Section 4: Other Types of Vehicles
(v) Section 5: Life Insurance Considerations
(vi) Concluding Remarks

Part 4 - Quiz*
The quiz consists of 15 questions where learners have 3 attempts to achieve at least 80% with correct answers as a pass.

Part 5 - Post-reading materials
(i) Modern families - Issues that may arise for trustees
(ii) What Everyone Should Know About Trusts
(iii) Structuring Family Offices and interplay with trusts: SPB - Structuring Family Offices in Asia
(iv) Records that Family Offices/Trustees need to keep for trusts (UK)
(v) The Use of Private Trust Companies
(vi) U.S. Taxation and information reporting for foreign trusts and their U.S. owners and U.S. beneficiaries
(vii) UK Trusts and Taxes
(viii) What is a Discretionary or Nil Rate Band Trust?
(ix) Taxation of Trusts in Hong Kong
(x) Taxation of Trusts in Singapore
(xi) The treatment of trusts in divorce proceedings
(xii) Are Trust Assets Marital Or Separate Property In Divorce?
(xiii) Four Ways to Protect Your Children's Trusts From Divorce
(xiv) When Is It a Good Idea to Use ILIT Trust?
(xv) An overview of the types and uses of Jersey law trusts
(xvi) An overview of the types and uses of Guernsey law trusts
(xvii)Overview of BVI Trusts
(xviii) Guide to Trust in Bermuda 2018
(xix) Overview of China Trust Law
(xx) An Overview of Trusts in Australia

* mandatory parts to complete


(1) Professionals who are keen to succeed in the world of family office management
(2) Individuals who want to set up their own family office
(3) Practitioners who wish to take their career to the next level or looking for a role in the industry


第9類 - 提供資產管理
SFC:2.00, PWMA:2.00
所有會員: HK$775
機構會員員工: HK$775
非會員: HK$1550