The Hong Kong Association of Northern California (San Francisco, Silicon Valley, Sacramento and Napa) invites you to attend a free webinar organized by the Society of Estate and Trust Practitioners (STEP).  www.STEP.org.     STEP is a global professional organization with lawyers, accountants,  bankers and trustees serving families that need to consider domestic and foreign tax and financial planning strategies.  We are appreciative of STEP making this program available to our members.

TITLE:   Delaware Trusts for Non-U.S. Persons with U.S. Assets – Delaware Advantages & Reporting Considerations

DATE:            Thursday, May 25, 2023 

TIME:             12:00 p.m. – 1:30 p.m. PST 

WHERE:       Virtual (Zoom Conference Link to Follow) 

SPEAKER:  Elizabeth M. Luk, Director, Head of Delaware Trust, BNY Mellon Wealth Management – Bio below.

How to Register: forward your RSVP to Mark Jamison at jamison@bnymellon.com. 

Elizabeth Luk will cover a range of important topics, including:

• An overview of the benefits of Delaware as a trust jurisdiction
• A more in-depth discussion of Delaware Advantages for non-U.S. persons
• Dynasty trusts
• Directed trusts & investment flexibility
• Asset Protection Trusts
• Confidentiality
• Multiple ways to modify trusts
• A review of the common trust structures for non-U.S. persons with U.S. assets and reporting
• considerations
• US and foreign implications including foreign grantor and non-grantor trust structures

Whether you are a wealth manager, attorney, accountant, or simply an individual seeking to protect and grow your assets, this webinar is an excellent opportunity to expand your knowledge in the trust area and to gain valuable insights into the unique advantages and considerations of Delaware trusts.

Speaker Bio: Elizabeth Luk joined the Delaware Trust Company for BNY Mellon in 2020, with 15 years of experience trust planning and implementation, with 10 years working specifically in the Delaware trust administration industry. She brings a unique specialization in trust administration for international families. Prior to joining the firm, Elizabeth served as Executive Director, Team Leader & Trust Officer for J.P. Morgan Trust Company of Delaware. She was previously an Adjunct Professor at Pace University School of Law.

For members of the HKANC, this will be of particular interest to family members living outside the US, with family trust beneficiaries that are US residents and citizens, and for foreign family members looking to immigrate to the U.S.