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Chinese clients warming to the concept of irrevocable trusts, says DBS’ wealth planning head in HK

An increasing number of Mainland Chinese clients “are accepting the concept of irrevocable trusts”, Don Lai, head of wealth planning of Private Banking at DBS Bank (Hong Kong), tells Asian Private Banker. Irrevocable trusts are widely regarded as powerful estate planning vehicles, since the grantor effectively relinquishes ownership of the underlying assets. Lai believes that these are “effective structures that…

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