PCFO InsightsBenefits Of Having A Trust

September 29, 2023

What is a Trust?

  • A Trust is a legal and fiduciary arrangement created by the Settlor during their lifetime, where legal ownership of assets are transferred into the Trust to be managed and administered by Trustee
  • Designed to protect assets from lawsuits and Settlor to have more control over their assets during their life and even after death


Key benefits of having a Trust

Wealth Preservation and Asset Protection Avoidance of Probate
Family Wealth Planning – ensure the usage of Trust Funds allocated according to the wishes are properly distributed Avoid family conflict – ensuring the right people benefit from the assets, keeping afloat across generations
Avoid loss of wealth through divorce or re-marriage Asset consolidation
Avoid wasting of wealth by spendthrift family members Privacy
Creating a legacy of giving back to Society- Charities/Philanthropy Better tax planning benefits


A typical Standby Trust structure

Marketing Disclaimer: The views expressed in this media does not necessarily reflect the views of PFPFA Pte Ltd (“PFPFA”). The information provided herein is intended for general circulation and not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use will be contrary to local laws or regulation. You should also note that the information presented does not have regard to the specific investment objectives, financial situation or the particular needs of any specific individuals; and therefore, may not be appropriate to your individual needs. You should seek the advice of your financial adviser representative or a professional before making any commitment to purchase or invest in any investment product. 

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