Family Trust Services & Benefits

A family trust, also known as a family living trust or revocable living trust, is a legal arrangement that allows a person (referred to as the grantor or settlor) to transfer their assets into a trust during their lifetime for the benefit of their chosen beneficiaries, usually their family members. The trust is managed by a trustee, who can be the grantor themselves or another individual or institution appointed by the grantor.

 

The benefits of a family trust includes but not limited to :-

  • Asset protection

  • Probate avoidance

  • Privacy

  • Grantor having significant control over the

    terms of the trust, including how assets are

    managed and distributed.

  • Ensures a smooth transition of asset

    management without the need for a court-appointed conservatorship.

BUSINESS TRUST SERVICES & BENEFITS

A business trust is a commercial enterprise established as a trust by deed and administered by a trustee-manager. It is appropriate for capital-intensive industries that have a consistent cash flow, such as infrastructure and telecoms.

 

The assets are held in trust for the Business Trust unit holders by the Trustee Manager. The Trustee Manager is also in charge of managing and operating the Business Trust. Unit holders can share in the profits or revenue generated by the management of the assets in the Business Trust by receiving distributions. Distributions can be paid from cash flow without regard for accounting profitability. Our specialists have extensive industry knowledge.

ISLAMIC TRUST SERVICES & BENEFITS

Islamic-compliant trusts can be utilised for a number of objectives, including education and upkeep, according to the notion of hibah (i.e. the Islamic gift). They are vital tools or vehicles when properly established. We provide Islamic and complete Trust services, acting as

Trustee for trust assets for the following purposes:

• Education

• Maintenance

• Corporate

• Charitable
• Takaful / Insurance

ESTATE TRUST SERVICES & BENEFITS

An estate trust, also known as an irrevocable trust or testamentary trust, is a legal arrangement that is created as part of an individual's estate planning process.

 

It is typically established through a will or a trust document and becomes effective upon the grantor's death. The purpose of obtaining an estate trust is for the following purpose:

•  To manage and distribute assets after the grantor's death in accordance with their wishes

•  Irrevocable nature

•  Probate Avoidance

•  Creditor protection

•  Tax considerations

INSURANCE TRUST SERVICES & BENEFITS

An insurance trust, also known as an irrevocable life insurance trust (ILIT), is a legal arrangement that is specifically designed to hold and manage life insurance policies. It is created for the purpose of providing financial protection, estate planning benefits, and potential tax advantages. Key points in applying for insurance trust services are:-

  • To ensures that the policy proceeds are managed and distributed according to the grantor's wishes, while potentially providing benefits such as creditor protection and tax savings.

  • Irrevocable nature

  • Estate Tax planning

  • Creditor protection

PET TRUST SERVICES & BENEFITS

You may have variety of instructions in the trust deed for the Pet Guardian to carry out. We as the trustee will ensure that the funds in the Pet Trust are used in accordance to your instructions. A pet trust can be revoked and amended whenever you want to. Besided, part of your life insurance, unit trust investments and monies in your bank accounts could be covered in the pet trust to be used for your pet.

 

A pet trust is a legal arrangement that states in the trust deed how and who will take care of your pet if you pass away or if you become ill or disabled.

  • Appointing a pet guardian to look after your pet when you are unable to do

  • Appointing a protector to make decisions for the care of your pet

  • Allocating funds to pay regular allowance to the pet guardian and protector