Things You Need to Know About Trustee Services in Hong Kong
Trustee services in Hong Kong refer to a wide range of financial services that can be provided to individual, family and corporate clients. Appointing a professional trust company such as 3E Accounting Hong Kong as your trustee in Hong Kong can help to ensure that your wealth and assets are well-protected while also ensuring wills are properly drafted and updated.
What is a Trustee?
A trustee is is an individual or company that holds and administers wealth and/or other assets for the benefit of a third party (also referred to as the beneficiary). Trustees have a special fiduciary responsibility and are expected to make decisions in the beneficiary’s best interests. The trustee should hence be a trustworthy individual or company appointed by the settlor due to the amount of control and responsibility they hold.
A good trustee should be able to:
- Interpret and understand the trust agreement well enough to properly administer the distribution of any trust assets to the beneficiary (or beneficiaries)
- Carry out the financial management of accounts within a trust
- Make sensible and reasonable decisions based on the provisions outlined in the trust agreement
- Prepare any and all records on behalf of the trust (including statements and tax returns)
- Communicate with beneficiaries regularly in order to keep them informed on the associated accounts and taxes
Our Trustee Services in Hong Kong
3E Accounting Hong Kong is a holder of the Trust or Company Service Provider Licence (TCSP) which is granted by the Hong Kong Companies Registry. Our team of dedicated experts are deemed fit and proper to handle matters of trusts and can carry out trustee services that can be tailored to a client’s specific requests and circumstances.
We provide services such as (but not limited to):
- Wealth management
- Legal drafting of wills
- Acting as executor of deceased estates
- Establishing and administering personal trusts
- Preparing and administering Powers of Attorney
Interested in trustee services in Hong Kong?
3E Accounting Hong Kong is a leader in cost-effective professional solutions with expertise in professional company incorporation, accounting, corporate administration, company secretarial functions, compliance services, and more. We are a leading global company with a vision to provide the best one-stop solution services. We care about delivering quality service and are certified in various qualifications with high global standards of training and development.
Let our team of dedicated experts give you the service you deserve today.