Trusts and Private Wealth Management Developments and Directions

There has been insufficient literature focusing on the world-changing rise of Asian wealth. Private wealth in Asia is very substantial, with 33 per cent of the global population of high-net-worth individuals based in Asia. Yet, there is a dearth of legal analysis of Asian wealth, particularly by texts written in English. This collection aims to fill that gap, with chapters on legal issues in relation to Asian wealth transmission, investments in international real estate, familial disputes, family offices and private trust companies. A substantive section of this book also focuses on the changing legal context with chapters exploring trusts and cryptoassets, constructive trust, trustee's discretion and decision-making, changing regulatory environment and abuse of trust structures. This collection of essays on trusts and wealth management presents a focus on Asian wealth and the changing legal context, and follows the related publication, Trusts and Modern Wealth Management (Cambridge University Press, 2018).

1. Introduction Richard Nolan, Tang Hang Wu, Yip Man and 2. Family trusts today Lady Mary Arden; Section 1. The Rise of Asian Wealth: 3. Asian wealth in the United States: Some legal answers and policy questions Thomas P Gallanis; 4. Regulation of residential property in the west: The impact of Chinese money Edward S W Ti; 5. An Asian approach to mental capacity for wills and lasting powers Lusina Ho; 6. Testamentary freedom and wealth disputes in Hong Kong Rebecca Lee; 7. Crazy rich families in Singapore: Property, trust and business disputes and the incompatibility of English principles Yip Man and Tang Hang Wu; 8. Family offices, private trust companies and trust integrity issues: Problems and solutions Vincent Ooi and Chan Ee Lin; Section 2. The Changing Legal Context: 9. Trusts of cryptoassets Kelvin F. K. Low; 10. Pragmatic modernisation? Judicial directions in trusts and wealth management James Lee; 11. Decision making in trusts – applying Wednesbury reasonableness following Braganza David Pollard; 12. Trustee decision-making in the Australian superannuation context Tobias Barkley; 13. Trusts and UWOs: Unpacking the 'holding' requirement puzzle Simone Wong; 14. Constructive trusts on express trusts: Principles under threat Jessica Palmer; 15. Abuse of trust Graham Virgo.

Richard Nolan is Professor of Law at the University of York and previously Reader in Corporate and Trust Law at the University of Cambridge. His work has been cited by judges in the UK, Australia, Singapore, New Zealand and Hong Kong. He has been a consultant to several governmental bodies.
Tang Hang Wu is a Professor at the Yong Pung How School of Law, Singapore Management University researching on equity, trusts and wealth management. Hang Wu has published widely and advised local and international law firms, high-net-worth individuals, US Department of Justice and banks and trust companies on trust law.
Man Yip is an Associate Professor at the Yong Pung How School of Law, Singapore Management University research on equity, trusts, remedies and private international law. She has published widely in international peer reviewed journals and her work has been cited in leading treatises and courts.