You cannot be the executor of your will. The executor's job starts only after your death.
You cannot have 2 wills.The will dated last, before your death will prevail, and the other will becomes null & void.
You can give the will to your lawyer or your banker for safe keeping .
They should be instructed to advise your family, as soon as they learn about your death.
Trusts are good, but are expensive to maintain. If your estate is large enough it may be worthwhile to consult a lawyer specializing in the trusts.
My understanding is that you can't simply say "I want my will and inheritance to be handled under Country X's laws and taxes". As I understand international law (or convention at least) the country where you are deemed domiciled at the time of your death is the one whose laws apply. Hence you need professional advice on how to minimise the tax and other issues under the laws of your country of domicile. This may well involve putting stuff in trusts which you don't control. But the advice will be different depending on where you are domiciled.
And domicile is not something you can simply choose, it is a matter for determination in the courts if it is not obvious.
You have 2 issues here : ownership of the company and control of the company.
In the event of your death (or disappearance for more than 7 years), your assets (i.e. shares) will go to your estate. The estate administrator will distribute the shares according to your will (if any) or at his bonafide discretion.
For control of the company, you can always appoint a shadow director, who will step in once you're deceased or incapacitated/missing etc.
Thanks again for your replies ! Googled some information about "shadow director" and it seems it's only valid for HK Ltds which have only 1 director and 1 shareholder who are the same individual (and not a corporation ), plus under british law I understand that a shadow director does have day to day power. Is it the concept that applies when using nominee directors ? My agent offered the possibility to establish a reserve director but in HK according to him his name would appear publicly. We were about to establish a reserve director for the Belize company until their correspondant company in Belize apparently said this status doesn't exist under Belize business law.
Starting to wonder actually wether better options would appear if I used nominee directors for the HK company, with instructions to transfer benefits of the real beneficiary in case of his death or disappearance.
Any feedback on that issue ?
Yes, the Belize company could be dissolved as soon as it is replaced by nominee directors, as its only fonction at the moment is to offer a confidential way to avoid the nominee director's structure in HK. Do you see the transfer of beneficiary working with the nominee director in place ?
Unfortunately this doesn't seem to work. As previously mentionned there is a risk I get ripped off from the beneficiary (Madam LuisHK at least as long as the kids are underage) plus the director of the HK company has to sign every document regarding decisions of both the Belize and HK company, and controls all bank and investment accounts so it wouldn't be very convenient for me to run these companies' affairs.
Is there an easier solution going through the nominee directors in HK ? And are there risks of encountering tricky nominees in HK, when going through a well established firm ? I must say I'd feel more comfortable with HK based agents than with agents in more exotic juridictions like Belize, Panama or BVI.