FAMILY TRUST DESIGN

A family trust is set up by a settlor to hold properties in trust for the benefit of the beneficiaries. In advanced western countries, 80-90% of wealthy families carry out
intergenerational estate transfers through the establishment of trusts or foundations.
We provide the following services:

  • Family Trust Planning and Arrangement
  • Legacy Planning
  • Investment Management of Trust Assets
  • Legal and Tax Planning

Mode of Operation

Why the Affluent Class Opts for Offstore Trusts?

  • 1. CONFIDENTIALITY

    Trustees have a legal obligation to preserve confidentiality of the identity of the settlors, beneficiaries and matters of the trust, and estate succession arrangements need not be public. Details of family trust assets and investments, as well as private information of beneficiaries, will remain confidential.

  • 2. FIREWALL FOR TRUST ASSETS

    Assets transferred to trustees become the property of the trusts, with the settlors divesting themselves of legal ownership of such trust assets. As a consequence, trust assets are not subject to the impact of the indebtedness, marriage, legal recourse for criminal activity, or death of individual family members, causing damage or loss to property, nor do they come under the impact of settlors’ financial difficulties or liquidations.

  • 3. WEALTH SUCCESSION

    The deployment of family trusts can effectively deal with the issues of squandered inheritances, change in marital status of family members, provision for young heirs and members with special care needs, as well as the succession of family businesses. Additionally, family trusts can avoid a complicated and prolonged probate process, ensuring the inheritance of nominated assets by named beneficiaries as soon as practicable.

  • 4. INVESTMENT AND WEALTH MANAGEMENT

    Trust funds entrust professional trust companies (trustees) to manage, utilise and distribute assets, while achieving the goals of wealth preservation and capital gains for family members. This arrangement helps retain more assets for family members.

  • 5. TAX PLANNING

    Family trusts transfer wealth to the next generation by way of trust income, thus avoiding the payment of potential estate duties and gift taxes.

  • 6. BUSINESS SUCCESSION

    When a family-run business operates into the third and fourth generation, its ownership is often fragmented owing to succession by numerous family members through share sub-division. In light of the crisis that may emerge, the operation of trusts can ensure business ownership.