Private wealth: local firms in Singapore
Baker McKenzie Wong & Leow combines local and international expertise in trust law and tax planning to handle a wide range of private client matters, often with a cross-border element, including family governance issues, international estate planning and regulatory and securities law issues in the case of listed stock. Practice head Dawn Quek also works alongside financial institutions that provide services to high-net-worth individuals in advising on structuring their business operations and product offerings for tax efficiency.
- Advising a British high-net-worth family on a permanent residence application, and structuring of a Singapore family office and fund.
- Advised on the set up of pre-IPO trusts in Singapore and trusts for family assets for a high-net-worth family based in Hong Kong.
- Advised a high-net-worth individual from Taiwan on immigration, family office establishment and the migration of business headquarters to Singapore.
- Assisted a high-net-worth individual – the founder of an American financial services firm based in Singapore – with estate planning and succession issues.
Drew & Napier LLC has a 'solid reputation' for assisting private clients with the formation of tax efficient structures for estate planning, asset preservation and provisions for minors, as well as support with the establishment of philanthropic foundations and trusts. David Chee is the lead partner.
The team at Rajah & Tann Singapore LLP provides 'clear and concise' advice and is praised for its 'very good insight into the local tax authority's way of thinking' and 'excellent communication skills'. The practice counts high-net-worth families, private banks, trust companies, institutional fiduciary services, family offices and non-profit organisations among its clients, and is best known for its strengths in trust structuring, business succession and estate wealth planning. Lead partner Vikna Rajah is 'a superb adviser with great insight and understanding of the local laws and the local tax authorities'.
‘The team at Rajah & Tann Singapore has excellent communication skills and is able to provide clear and concise advice to private clients to help make decisions quickly and with conviction. It has very good insight into the local tax authority’s way of thinking and how you should position yourself in order to make sure you are settled well in the future.’
‘Vikna Rajah is one of the most open and friendly lawyers in this field; of course, without his great insight and understanding of the local laws and the local tax authorities, his friendliness and the expertise of his team would not be useful, but it adds to the reason I would highly recommend the Rajah & Tann team.’
WongPartnership LLP focuses on advising high-net-worth individuals, international private banks and trust companies on the core areas of asset protection, succession and estate planning across generations, estate and trust administration, charitable giving and tax planning. Sim Bock Eng is the lead partner.
Sim Bock Eng
Dentons Rodyk's trusts, estates and wealth preservation practice leverages expertise across its network of international offices to advise high-net-worth individuals and families, business owners, trust companies and private banks on legal, tax and financial planning, administration of complex estates and trust-related litigation. Practice head Edmund Leow has significant experience in personal tax, tax land trust and estate planning matters. Seow Jia Xian and Kia Meng Loh are also of note for tax-efficient structuring and litigation, respectively.
Other key lawyers:
Seow Jia Xia; Kia Meng Loh
RHTLaw Taylor Wessing LLP
RHTLaw Taylor Wessing LLP's private wealth practice has core expertise advising on investment structures and portfolios, family governance, advisory and contentious trusts, wills, succession and inheritance, as well as philanthropic matters and the acquisition of art and antiques. Managing partner Chong Huat Tan and Kaylee Kwok jointly lead the department, with deputy head Benjamin Szeto advising on wealth and legacy planning, investments, real estate, acquisitions and divestment.
Chong Huat Tan, Kaylee Kwok
Other key lawyers:
Shook Lin & Bok LLP handles a range of work, including structuring private trusts, the establishment and documentation of family offices and wealth preservation issues, as well as handling wealth migration and transition issues. The team is led by Tan Woon Hum, who has a strong background in estate and succession planning, the establishment of investment funds and regulatory compliance. The team is also experienced in handling disputes in relation to trusts, estate, asset tracing and issues falling under the Mental Capacity Act.
Tan Woon Hum
- Assisting with the formation of a single family office for an Asian ultra-high-net-worth family, including obtaining the Capital Markets Services licensing exemption, advice on the documentation for asset investments and acquisitions for a portfolio valued at approximately $200m.