Will You, Won’t You?

When there’s a will, the way is easier, as they say, and it’s certainly true in Hong Kong, where growing pools of wealth, longer life expectancies and increasingly convoluted family structures mean that making your wishes clear is essential—both to ensure the comfort and safety of loved ones when you’re no longer around and to prevent the headaches that can arise around estate-related battles.

One in every 13 Hongkongers (434,000 people) is a millionaire with assets of HK$10 million or more, a Citibank study revealed in April, while Hong Kong remains home to one of the highest billionaire populations in the entire world. However, more than 75 per cent of Hong Kong residents aged 55 years and above had made inadequate provisions for later life, a 2017 Baptist University study found. As a result, the city is a writhing nest