Products
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
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.
Privacy
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.
Transparency
Fair Distribution
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:
Irrevocable nature
Probate Avoidance
Creditor Protection
Tax Considerations
To manage and distribute assets after the grantor's death in accordance with their wishes
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.