Jacqueline Cheng and Alfred Ip discuss the main steps in estate administration: collection of assets, payment of debts and liabilities and distribution of the estate assets to the beneficiaries. They also talk about essential considerations and recurrent complications related to different types of assets and the administration process, in Hong Kong as well as touching upon estates which include overseas components.
SHOW NOTES:
01:37 Identifying the assets of an estate
03:18 Bank accounts
05:40 Safe deposit boxes
06:59 Real estate
11:42 Public company shares
15:02 Company ownership
18:12 MPF accounts
20:20 Salaries tax
22:40 Insurance policies
26:31 Foreign estates
28:23 Liabilities of an estate
31:39 Distribution of estate assets
37:12 Foreign estates
