Heworth Holdings Group is a property investment company based in Sydney, Australia, with a focus on residential developments and funding in Sydney. As at the end of 2018, the funds managed by Heworth Holdings Group totalled over $1 billion AUD (¥5 billion CNY).
Both Gary He (the CEO and founding partner of Heworth) and Terry McCabe (the principal of the Private Clients team) worked together to organise the event. Terry explained: "The seminar provided us with a great opportunity to collaborate with Heworth and offer our services to their clients".
The seminar focused primarily on ensuring the effective transfer and preservation of wealth, across generations. This included a thorough explanation of the various asset protection and taxation advantages that could be attained through the use of testamentary trusts in one's estate planning.
The seminar also went through the benefits of using Discretionary Family Trusts and Unit Trusts to protect and distribute personal assets. The clients at the seminar were particularly interested in the advantages Unit Trusts offer for businesses in terms of flexibility and accessing CGT concessions.
Throughout the seminar, Phyllis Lu helped with Mandarin translations. Several handouts were also provided in Mandarin to the clients including:
Afterwards, drinks and canapés were served, providing an opportunity for everyone to interact and discuss what had been presented during the seminar.
As the seminar concluded, Andrew Lacey commented: "This marks the beginning of what hopes to be a fruitful and prosperous partnership".
If you would like to know more about the abovementioned Estate Planning structures, please do not hesitate to contact our Private Clients Principal, Terry McCabe at firstname.lastname@example.org.