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Wealth Management Beyond Legal Traditions: A Study of Foundations vs Trusts
Millie Chan, Senior Consultant, Asia Pacific Markets, Borden Ladner Gervais LLP discusses the foundation as a civil law creature, and considers the key differences between the foundation and the common law concept of trust. Her presentation involves the various practical considerations in deciding between the two options for estate planning purposes, including structural planning that may span across both concepts.

About Speaker
Millie Chan
Millie Chan practises law in British Columbia, Canada in the Vancouver office of Borden Lander Gervais (BLG), a Canadian national law firm. She is in BLG’s Tax Group and the Corporate and Commercial Group, and is also BLG’s Senior Consultant, Asia Pacific Markets. Ms Chan is a member of the Law Society of British Columbia, the Canadian Bar Association, and the Canadian Tax Foundation, and serves as a director of the Malaysia Canada Business Council (B.C.). She is also a member of the Malaysian Bar and the Society of Trust and Estate Practitioners (STEP), Malaysia.

Ms Chan’s main area of practice is in international wealth transfer and global estate, asset protection and capital preservation planning. In particular, she advises high net worth families in Asia in this area of holistic global estate planning. She also advises immigrants to Canada on tax-planning options.

In addition to planning for protection and preservation of assets, Ms Chan works with families to establish strategies and processes to promote family governance, maintain family unity and uphold family identity and integrity. For this purpose, she travels regularly to Asia and works in synergy with BLG’s extensive contact base of financial institutions and offshore service providers for trusts, foundations and corporations.

Before immigrating to Canada in 2007, Ms Chan practised law in Malaysia for approximately 27 years at her own firm, W Y Chan & Roy, for whom she remains a consultant. Her primary practice focus in Malaysia was on corporate/securities and commercial matters.

Ms Chan graduated with an LLB (First Class Honours) degree from the University of Malaya. She is fluent in English, Mandarin and Malay, and is conversant in Cantonese and Hakka, as well as (minimally) Hokkien.
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