PRACTICE AREAS

Trust Succession and Planning

We commonly advise on establishing and restructuring trusts, setting up private trust companies and other bespoke asset holding vehicles. In helping our clients plan for the efficient transfer of wealth and control of businesses within a family, we often address issues involving:

  • the location of assets and beneficiaries in multiple jurisdictions;

  • reservation of powers of investment;

  • protection from claims by creditors;

  • management succession to family owned businesses; and

  • family governance and promotion of harmony between beneficiaries.

Trust Management

We advise trustees of Singapore resident trusts on all matters arising in the course of carrying out their responsibilities as trustees including the following:

  • rights and duties of trustees, beneficiaries and investment managers;

  • making of regular and one-off distributions to beneficiaries;

  • maintaining trust records;

  • preparing annual accounts; and

  • advising on legal and tax planning issues as they arise.

Family Offices

We provide multi-jurisdictional and multi-generational families with the following services:

  • establishment of family offices;

  • governance and regulatory advice;

  • tax planning;

  • advice in relation to investment funds and investment management;

  • succession planning;

  • philanthropy;

  • dispute resolution;

  • business transactions;

  • asset protection;

  • employment advice; and

  • immigration advice.

Private Banks

We are a panel firm for a number of high-profile private banks that consult us on the issues arising from changing tax and regulatory laws. We advise on the tax rules applicable to trust structures, tax residence of trustees, beneficiaries and the associated operational impact. We also help to develop precedents and regulatory and compliance support for the trustee businesses within private banks.

Immigration

We provide advice and assistance on applications for citizenship and permanent residence over  the full range of categories including the work, study, family, entrepreneur, investment and settlement routes.

Probate Litigation

We have acted for executors and high net worth individuals on a range of probate related disputes including:

  • challenges to the validity of wills;

  • claims against professional advisors;

  • undue influence/recovery of property;

  • removal/replacement of executors;

  • breach of duty allegations; and

  • applications to the court for directions.

Charity and Philanthropy

Our team has experience advising private individuals, family grant-making foundations and corporate charitable foundations on a range of issues such as:

  • the creation of new charitable vehicles and registration with the Commissioner of Charities and Inland Revenue Authority of Singapore;

  • mergers, restructuring and governance issues;

  • charity investments;

  • regulatory compliance; and

  • tax aspects of charitable giving, particularly in relation to cross-border giving.

Trust Litigation

We have particular expertise in high value, complex multi-jurisdictional trust disputes and have recently co-ordinated trust-related litigation in a number of different jurisdictions including Bahamas, Cayman Islands, Bermuda, BVI, Jersey and Guernsey.

We have acted for trust companies; banks and financial institutions; investors and high-net-worth individuals on a diverse range of trust and family disputes including:


•    breach of trust claims;
•    litigating rights of beneficiaries/creditors;
•    removal of trustees;
•    international commercial disputes involving trustees;
•    fraud and asset tracing;
•    rectification, mistake and Hastings-Bass applications;
•    directions for the administration of trusts; and
•    blessing applications.

 

Name, Title

20 McCallum Street Tokio Marine Centre 19-01 Singapore 069046

Company Registration No. 201805384D
Tel: 68238280 Email: rcllc@rclegal.sg