13:00 - 14:00 Registration and Standing Buffet Lunch
14:00 - 14:05 Welcome from STEP Singapore
Mr. Lionel Choi TEP – Branch Chair, STEP Singapore; Managing Director, Head of Wealth Planning Singapore, LGT Bank (Singapore) Ltd
Emcee: Mr. Tan Shen Kiat TEP – Co-Chair, STEP Singapore Young Professionals Network; Founder, Kith & Kin Law Corporation
14:05 - 14:15 STEP Next Gen Update
Ms. Kelly Greig TEP – Worldwide Chair of STEP, Partner and Head of Estate Planning and Tax at Steele Raymond
Ms. Angela Koh - Committee Member and Co-Chair of Member Engagement Sub-Committee, STEP Singapore; Head of Wealth Planning and Family Office Advisory Services, UOB Private Bank
14:15 - 1500 Pitching a trust to a discerning client
Clients are increasingly sophisticated and expect more from their advisors.
How would a young practitioner approach such a client? What are some of the challenges faced or common queries that may be posed?
Ms. Guo Jiawen – Head, Family Office & Structuring Solutions, Senior Wealth Advisor, Executive Director, Bank of Singapore
Mr. Peter Milnes – Partner, Rawlinson & Hunter (Singapore) Pte. Limited
15:00 - 15:45 Succession planning and digital assets
Explore the key issues surrounding planning for the succession of digital assets and cryptocurrencies, such as holding this asset class in a trust, and considerations in bequeathing such assets through a testamentary instrument.
Mr. Ross Belhomme - Founder, Belhomme Law
15:45 - 16:00 Networking & Refreshments
16:00 - 16:45 Investment power of the Trustee – to have or not to have
Trustees have a fiduciary duty to beneficiaries and an irreducible core duty to safeguard the trust assets. However, for most Trustees, we are not investment professionals. Can a Trustee be held accountable over the investment performance of the trust assets in a full discretionary trust? Do the Trustee have any fiduciary duties over the investments in a reserved powers trust?
This session focuses on the investment decisions that the Trustee makes, his role in investment monitoring, and how a Trustee can best manage its risk and yet fulfil its fiduciary responsibility.
Mr. Shawn Wang TEP – Director, Head of Trust Services and Resident Manager, Ocorian Singapore Trust Company
Ms. Woo Shu Yan - Director, Dispute Resolution, Drew and Napier LLC
16:45 - 17:30 Trusts under attack – key takeaways for the practitioners
Setting up a trust is one thing but anticipating and protecting against attacks on the trust structure is another.
What are some potential vulnerabilities in a trust structure that a young practitioner should be watchful for?
Mr. Alvin Lim – Co-Chair, STEP Singapore Young Professionals Network; Partner in the Specialist & Private Client Disputes Practice and Private Wealth Practice, WongPartnership LLP
Ms. Emma Jordan TEP - Head of Contentious Trusts & Estates, Taylor Wessing LLP
17:30 - 17:35 Closing Remarks
17:35 - 18:00 Event concludes