What are the wealth structuring challenges facing wealthy families in Asia today? - Markus Grossmann

Markus Grossmann of Trident Trust

Mar 19, 2019

Markus Grossmann, Managing Director at Trident Trust discussed the wealth structuring challenges facing wealthy families in Asia today

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1. What are the wealth structuring challenges facing wealthy families in Asia today?

Video transcript

1. What are the wealth structuring challenges facing wealthy families in Asia today?

The key considerations that our current trust clients are looking at and have to look at is: Where they have their place of residence? Where are the beneficiaries placed in those trust? Where do distributions go? Are there tax considerations? Are family members moving into other countries? Does that need a review of those structures? And this has increasingly become a topic for almost all the families, where they either have family or assets in different jurisdictions. On the corporate side, we obviously have now a lot of discussions about offshore companies with substance requirements. We're having really good discussions with our clients now about those substances' effective place of management: Can I be a director? Should I be a director? And do I have reporting requirements? These are really on top of the list right now.

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