Lifting the veil of trust
Rachel Yao outlines the factors that undermined a trust’s resilience in a recent Singapore case
Key points
What is the issue?
The world of wealth planning is like a vibrant tapestry, where offshore trusts are regularly woven into patterns aimed at offering prosperity and security to international families.
What does it mean for me?
The recent decision of the High Court of Singapore in the case of La Dolce Vita Fine Dining Company Limited v Zhang Lan and Others[1] provides a reminder that over-extended settlor powers can be detrimental to the validity of a trust.
What can I take away?
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