Post Event Updates
The STEP (Singapore)-STA Inaugural Charity Gala Dinner (29 June 2011, Fairmont Hotel, Singapore)
(Please click on the above picture to open photo gallery)
When the Organising Committee of the STEP (Singapore)-STA Inaugural Charity Gala dinner initially took on the challenge of organising the industry's first ever gala dinner and further in support of a charity, we were mindful that we were making history.
After all, the aim was not just to provide a platform to rally the entire wealth management industry to support the "Special Needs Trust Company" - a charitable cause in essence rooted in the concept of "trusts" which both STEP and STA are premised upon. The "Special Needs Trust Company" was created to help families that have special needs children. The anxiety of parents, whether they are high net worth or otherwise, is the same, the care of their special need children when they pass on.
It was a fantastic first experience for STEP (Singapore), a memorable event which would live on beyond the night for all those involved.
The attendance was impressive for our inaugural charity dinner, attended by more than 370 guests, supported by 23 sponsors and almost 30 companies and individuals who booked tables and raising more than S$111,000 for charity.
More heartening was the feedback from many guests that they had a hugely enjoyable evening among new and old friends and colleagues from the industry.
We certainly hope it will become a regular feature in our calendar!
Thanks again to our Guest-of-Honour - Mdm Halimah Yacob, our sponsors, members and guests for making the night possible.
Immediate Past President; STEP Singapore Chair, Gala Dinner Organising Committee
Goh Seow Chee
STEP Singapore President
Family Business Succession Planning (1 June 2011, 12-2pm, STI Auditorium – Capital Tower)
Family business succession planning is often a challenging matter for families to ponder. As advisor to the family, we do not just need to equip ourselves with knowledge on structuring of the framework for business succession, we also need to understand the emotional trip that our client will undertake in making their business succession planning effective.
In this session, Zac Lucas from Ogier BVI, shared with us a systematic approach in analyzing the needs of the family, the readiness of the family to formalize their business succession planning. The role of trusts and estates practitioner becomes important to assist the family in differentiating the situation when they own and are involved in business vs when they merely own the business.