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Living Trust in Singapore
A living trust is a legal arrangement commonly used for holding property. The trustee holds the legal title to the trust property, while the beneficiary will hold an equitable interest in the property. The trustee holds great responsibility in managing the trust property on behalf of the beneficiary.
TRUST DEED: What is a Trust?
What is a Living Trust?
A living trust is an equitable obligation binding a person (who is called a trustee) to deal with Property over which he has control (which is called living trust property) for the benefit of persons (who are called beneficiaries) of whom he may himself be one and any one of whom may enforce the obligation.
REASONS TO SET UP A LIVING TRUST IN SINGAPORE
Investment Purposes
Investment Purposes
Investment Purposes
Using a property trust as a vehicle for investment is a popular choice among many savvy investors.
Factors like capital gains and good rental income are the key considerations when investing in a property.
Retirement Planning
Investment Purposes
Investment Purposes
Parking your hard-earned funds under a living trust in Singapore for a retirement account can prove extremely useful because you can ensure a steady payout stream as a beneficiary.
Corporate Usage
Investment Purposes
Corporate Usage
Corporate assets that are typically placed under a trust are usually properties, monies receivable, and intangible items. Setting up a Singapore living trust for this purpose provides the involved parties a form of security over these assets.
Tax Saving
Act as a protection for a Vulnerable Person
Corporate Usage
Setting up a living trust in Singapore can result in tax savings based on the type of use and the assets involved.
Estate Planning
Act as a protection for a Vulnerable Person
Act as a protection for a Vulnerable Person
A testamentary trust can be used together with a will to facilitate the distribution of properties and estates, allowing assets to be controlled and protected after the settlor’s demise.
Act as a protection for a Vulnerable Person
Act as a protection for a Vulnerable Person
Act as a protection for a Vulnerable Person
A living trust can be used to provide for a minor or someone with special needs. Establishing a Singapore living trust can also prevent your monies and assets from being claimed by creditors or a spouse during a divorce.
Asset Protection
Managing Charities
Managing Charities
A living trust in Singapore can protect your monies in the process of a divorce from your spouse, as well as protect your assets from creditors in the event of bankruptcy.
Managing Charities
Managing Charities
Managing Charities
For a charity, tangible/intangible assets and monies receivable need to be in a well-auditable state. A living trust in Singapore can ensure that these assets are managed and utilised properly and lawfully.