I am excited to announce that I will be attending the STEP (Society of Trust and Estate Practitioners) Asia Conference 2024 next week in Singapore, accompanied by my colleague, Conrado Capili. This annual gathering is one of the premier events for trust and estate practitioners in Asia and the Middle East, attracting STEP advisors and industry experts from across the globe to explore emerging trends and opportunities in this region.
Exploring Key Hubs in Asia and the Middle East
Singapore, Hong Kong, and, more recently, Dubai, have become key bases for STEP practitioners, serving as focal points for industry insights and collaboration. As we attend this conference, we are keen to deepen our understanding of the evolving choices and strategies available to better serve our clients’ unique needs. In an era of constant change, it's vital for us at Astra Worldwide to stay current with these developments, enabling us to provide informed, proactive solutions.
Navigating Policy Changes in Estate Planning
The landscape of trusts and estate planning is dynamic, with significant changes on the horizon as governments increasingly adjust trust structures to boost tax revenue. The recent UK budget’s removal of the “non-dom” tax status for high-net-worth individuals (HNWIs), for instance, may drive many wealthy individuals to consider relocation options. Similarly, the ongoing changes in the US, especially as elections approach, will undoubtedly shape the investment decisions and personal planning of families in Asia. Attending the STEP conference helps us anticipate these shifts so we can effectively communicate the implications to our clients and explore new opportunities on their behalf.
What to Expect:
Key Topics at STEP Asia 2024
This year’s conference will offer insights into crucial topics shaping the future of estate planning. The agenda features:
Regional updates for South East Asia, China, and the Middle East, providing insights into tax transparency, economic substance, offshore jurisdictions, and compliance.
A focus on tax policies, examining the role of "substance over form" and tax-free zones within onshore jurisdictions in Asia.
Sessions on family dynamics and succession, covering issues like asset protection in divorces, managing disputes, diversity within family structures, and philanthropic goals.
Remarkable insights into US connections with foreign grantor trusts and pre-nuptial agreements to reduce divorce risk, as well as the complexities of administering global estates.
The STEP Asia Conference, often regarded as a must-attend event, provides a platform to address these critical issues. The breadth and depth of topics this year are tailored to equip advisors with practical tools and perspectives that will enable us to guide families through ever-evolving challenges with agility and insight.
Live Updates, Podcasts, and Client Engagement
Throughout the conference, we will also be sharing updates and insights with our clients. Look out for live podcasts on key topics relevant to our clients’ needs, as well as timely commentary following the results of the US election and its anticipated impact on the investment landscape. This initiative reflects our commitment to keeping our clients informed about significant developments as they happen, empowering them to make informed choices with confidence.
Networking and Partner Collaboration
One of the most valuable aspects of STEP Asia 2024 is the opportunity to connect with key partners and establish new relationships with practitioners worldwide. This event provides a dynamic forum for exchanging ideas, discussing industry best practices, and building alliances that enable us to deliver innovative and customized solutions to our clients.
Event Details
The conference will take place at the iconic Marina Bay Sands, a landmark destination in the heart of Singapore. Envisioned by architect Moshe Safdie, this location adds a layer of cultural richness to the event, reinforcing Singapore's role as a vibrant, strategic hub for the industry.
In a world where change is the only constant, attending the STEP Asia Conference allows us to stay ahead of industry developments and continue delivering astute, resilient estate planning services. Our goal at Astra Worldwide is to ensure our clients feel informed, supported, and confident in making decisions that secure their families’ futures.
Navigate Global Estate Planning with Astra Worldwide
Wherever you are located, Astra Worldwide offers bespoke estate planning strategies crafted to address the complexities of international wealth management. With James Hartland’s exceptional knowledge in cross-border wills and estate tax planning, Astra provides nuanced guidance designed to protect and optimize your assets across jurisdictions. Arrange a private consultation with James Hartland to explore tailored solutions that secure your wealth, ensuring lasting peace of mind for you and your legacy.
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