Smart Money

PUBLISHED : Monday, 03 October, 2011, 12:00am
UPDATED : Monday, 03 October, 2011, 12:00am


Useful investing resources - wills and inheritances:

Writing a last will and testament is the last thing most people want to think about. However, not preparing a formal will can leave loved ones unprotected in the event of death. (unrelated to this column) features an excellent collection of finance-related guides, including an indispensible guide to writing a will. Instead of offering a step-by-step, fill-in-the-blanks document, the guide gives advice on how to plan and execute the will itself. Tips include how to choose an executor, tying up loose ends by having a 'residual clause' and revoking previous wills.

Finding a good lawyer is a crucial step for successful estate planning, and, one of the largest legal directories online, is a great place to begin your search. The site features a free online database with listings grouped by country, services offered and practice area. The Hong Kong-specific page for estate planning details about 50 law firms that provide a range of services. Contact details are available for all the firms.

Angloinfo, an expatriate-focused website, features a short synopsis of will and inheritance laws in Hong Kong among its pages. The information is useful for locals and foreigners alike. The site gives a very basic overview of topics such as inheritance tax, changing and revoking a will and dying intestate (without a will). It really shines in providing links to local laws and regulations concerning estate planning.