Mr. Gregory Wang was recently accepted as an Affliate Member of The Society of Trust and Estate Practitioners (STEP).  STEP is the global professional association for practitioners who specialize in family inheritance and succession planning. STEP members help families plan for their futures. Some examples of what members advise on are: helping families with interests spread across the world to be compliant with the laws and tax rules of different countries; ensuring that a family business will pass safely from one generation to the another; and helping clients to support charitable causes in an effective way.  For more information on STEP, please click here.

Family Offices, Multi-Family Offices, Family Advisors are all new concepts taking hold in China. Fee structures and business models vary. But experienced, professional advisors are generating fees of approximately Rmb. 1 million - Rmb. 5 million per year from their high net worth clients.  Source: South China Morning Post (English)

Controlled Foreign Corporations (CFC)? General Anti-Avoidance Rules (GAARs)? China is quickly becoming very similar to the U.S.  Many thanks to a great article (in Chinese) by Ms. Wang Hao, Managing Partner of Rayyin Law Firm (Beijing), highlighting recent new tax laws. It is time for global Chinese families to start planning!

A recent article on www.wallstreetcn.com (in Chinese) ... now may be the time for global Chinese families to consider sophisticated cross-border planning tools such as a FATA Trust™️ By NewstarWealth.