Mary Huang Urges 24-Hour Trustee Response for Cross-Border Family Wealth
Updated
Updated · Hubbis · Nov 4
Mary Huang Urges 24-Hour Trustee Response for Cross-Border Family Wealth
1 articles · Updated · Hubbis · Nov 4
Summary
Mary Huang said independent trustees should stay engaged after a trust is set up, highlighting a 24-hour response policy as key to ongoing administration for international families.
Cross-border wealth structures need trustee jurisdictions matched to each family’s assets and footprint, she said, citing Singapore, New Zealand, the British Virgin Islands, Hong Kong and Wyoming.
CRS reporting was a central example of that continuing role, with families needing clear explanations of what information is reportable and what has already been disclosed.
Huang also framed independent trustees as complements to existing bankers, wealth planners and investment managers, arguing that coordination supports asset protection and succession planning beyond initial documentation.