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Preserving Your Wealth!

Protecting Your Assets,

Preserving Your Wealth!
Trust Law Experts in Singapore.
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What Does 
It Mean?
Why
do You Need It?
How 
do We Help?

What Is Trust?

Governed by the Trustees Act, a trust is a legal arrangement in which a person (the settlor) transfers ownership of assets to a trustee, who then manages and administers those assets for the benefit of one or more beneficiaries. Trusts are commonly used for estate planning, asset protection, and charitable purposes where the trust deed sets out the terms and conditions of the trust, including the powers and duties of the trustee, the rights and entitlements of the beneficiaries, and the rules for distributing the trust assets.
A Simplified Process Of Trust Creation
Our Seamless & Personalised Process
Define your goals & choose the type of trust you need
Trust document creation outlining all terms & conditions
Funding
the trust
Managing
the trust
What Does It Mean?
Why do You Need It?
How do We Solve?

What Is Trust?

Governed by the  Trustees Act, a trust is a legal arrangement in which a person (the settlor) transfers ownership of assets to a trustee, who then manages and administers those assets for the benefit of one or more beneficiaries. Trusts are commonly used for estate planning, asset protection, and charitable purposes where the trust deed sets out the terms and conditions of the trust, including the powers and duties of the trustee, the rights and entitlements of the beneficiaries, and the rules for distributing the trust assets.

A Simplified Process Of Trust Creation
icons
Define your goals & choose the type of trust you need
Trust document creation outlining all terms & conditions
Funding the trust
Managing the trust
A Simplified 4-Step Process

Why Do You Need It?​

How Do We Help?​

Trust law is a intricate field in Singapore that mandates meticulous attention and proficient legal guidance. Our law firm holds extensive expertise in advising clients on all aspects of trust law, including trust creation, management, and administration. We are dedicated to providing our clients with precise and pragmatic counsel to help them accomplish their objectives and safeguard their assets by means of trusts.

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Service Inclusions

Our trust law experts in Singapore can help with:

Creation: Advise on selecting the appropriate trust structure, drafting trust deeds, & ensuring compliance with legal & regulatory requirements.

Administration: Ongoing support for trustees and beneficiaries to maintain legal and ethical standards.

Asset Protection: Expert advice on asset management, tax planning, and risk mitigation.

Dispute Resolution: Experienced in efficiently and cost-effectively resolving trust-related disputes & provide practical, results-oriented legal representation.

Modification: Assist in modifying existing trusts due to changes in circumstances, law or objectives.

Termination: Guidance on legally terminating trusts while protecting stakeholder interests.

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Frequently Asked Questions

Q.1 What are the different types of trusts in Singapore?

Different types of  trust in Singapore includes:

  1. Express Trusts: Express trusts are trusts that are created when a settlor deliberately and clearly expresses the intention to create a trust. This type of trust is created when a settlor transfers property to a trustee to hold and manage the property for the benefit of someone else.
  2. Resulting Trusts: Resulting trusts are created when a person transfers property to a trustee without the intention to create a trust. This type of trust is created when a settlor transfers property to a trustee but fails to create an express trust.
  3. Constructive Trusts: Constructive trusts are created when the court imposes a trust on a person who holds property that was obtained through illegal or fraudulent means. This type of trust is created when a person obtains the property from someone else and the court orders that he holds the property on trust for the benefit of the original owner.
  4. Trusts for Specific Purposes: Trusts for specific purposes are created when a settlor explicitly states that the trust is for a specific purpose. This type of trust is created when a settlor transfers property to a trustee to be used for a specific purpose, such as a charity or a particular project.
Q.2 What are the benefits of creating a trust?
Creating a trust can provide a range of benefits, making it an attractive option for many individuals and businesses.
  • A key benefit of a trust is asset protection, as transferring assets to a trust can remove them from the settlor’s estate and protect them against potential creditors, legal claims, and other risks.
  • Trusts can also protect assets from the effects of bankruptcy, insolvency, or divorce.
  • Trusts can reduce the amount of tax paid on income and capital gains, depending on their structure, and may be exempt from certain types of taxes such as inheritance tax.
  • Trusts can ensure that the settlor’s assets are distributed according to their wishes after their death, helping to avoid disputes and disagreements among family members and providing greater financial security for beneficiaries.
  • Professional legal advice is essential for creating a trust in accordance with legal requirements and to ensure ongoing management and administration.
However, creating a trust can be a complex process, and it is important to seek professional legal advice to ensure that the trust is created in accordance with legal requirements and to ensure ongoing management and administration.
Q.3 What is a breach of trust?
A breach of trust occurs when a trustee fails to act in accordance with the terms of the trust or breaches their fiduciary duties. Breaches of trust can lead to legal action and may result in the removal of the trustee and/or compensation for any losses suffered by the beneficiaries.
Q.4 Do I need a lawyer to create trust?
Trust creation can be a complex and nuanced process, with many legal requirements and considerations that must be taken into account.
  • Expert trust lawyers in Singapore who specializes in trust law can help you establish and manage your trust properly by providing invaluable guidance and advice.
  • A lawyer can also help you design a trust that meets your unique needs and goals, advise you on different trust types, and help you choose the right structure and provisions.
  • In addition, a lawyer can provide guidance on tax planning, asset protection, and estate planning to ensure your trust complies with all relevant legal requirements.
  • Proper funding and administration of the trust is crucial, and failure to do it correctly can invalidate the trust or cause it to operate incorrectly. A lawyer can ensure all necessary steps are taken, including transferring assets, managing investments, and distributing assets to beneficiaries.

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