Alpha Law LLC
Trust Law in Singapore
Living Trust is a legal document often used for holding property. The trustee holds the legal title to the trust property where the beneficiary will have the 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 of creating a trust
Investment Purpose
Retirement Planning
Retirement Planning
Using property trust as a vehicle for your investment is a popular choice among many savvy investors.
Factors like capital gains and good rental income are the main consideration factors when investing in a property.
Retirement Planning
Retirement Planning
Retirement Planning
Parking your hard earn monies under a Living Trust deed for a retirement account could be a good idea because the beneficiary could receive a steady stream of payout.
Corporate Usage
Retirement Planning
Corporate Usage
Corporate assets that are put under a Trust are usually properties, monies receivable, and intangibles items. Having a Lining Trust being set up, this arrangement provides the involved parties a form of security over these assets.
Tax Saving
Act as a protection for a Vulnerable Person
Corporate Usage
Tax saving may differ 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
Testamentary Trust is being used together with a Will to facilitate the distribution of estates which will control and protect the assets after the settlor's death.
Act as a protection for a Vulnerable Person
Act as a protection for a Vulnerable Person
Act as a protection for a Vulnerable Person
Living Trust can be used to provide for a minor or someone who has special needs. Living Trust can also protect your monies and assets from creditors or your divorcing spouse.
Asset Protection
Asset Protection
Asset Protection
Protect your monies in the process of having a divorce from your spouse. Protecting your assets from creditors in the event of bankruptcy.
Charities
Asset Protection
Asset Protection
Keeping assets, monies receivable, and intangibles assets in a well auditability state. Living Trusts are common to ensure these assets are utilized properly in right lawful matter.