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F.A.Q.
A Trust is an excellent way to preserve, accumulate and protect your wealth. A Will cannot protect your assets from your creditors when you die, whereas creating a Trust will. Unlike a Will, a Trust can serve numerous purposes to provide complete estate planning. A Trust can protect and preserve wealth in ways that a will cannot.
Yes, anyone can be the Beneficiary(ies) under a Trust, including the Settlor who created the Trust.
Anyone who is of sound mind, not a minor and is capable of making decisions.
The minimum capital for opening a Standard Trust Account is RM2,000.
An application for withdrawal on behalf of a minor is only permissible through a guardian appointed by either the court or Digital Trustees or with the approval and common consensus of the child’s family. Applications from sources acting outside these guidelines will not be entertained. Funds from a Trust may be withdrawn for allowance, education, festive celebrations or any other purposes related to a child’s welfare. An application will require the submission of Appilcation for Maintenance and Other Expenditures Form.