Trust Services
What is a Private Trust?
A Private Trust is established for the benefit of specific individuals, such as family members. It is designed to manage and distribute assets according to the settlor’s specific instructions while protecting those assets from creditors and legal claims in Malaysia.
Key Feature:
- Beneficiary Specific: Tailored to benefit particular individuals as specified by the settlor.
- Asset Protection: Shields assets from creditors and legal claims.
- Customised Management: Provides detailed instructions for the management and distribution of assets.
Benefits of a Private Trust
Personalised Management
The trust is customised to meet the specific needs and circumstances of the beneficiaries.
Protection from Creditors
Assets within the trust are protected from being claimed by creditors, ensuring they are preserved for the beneficiaries.
Clear Instructions
The settlor can provide detailed guidance on how the assets should be managed and distributed, ensuring their wishes are followed.
When to Consider a Private Trust:
Family-Oriented Estate Planning
Ideal for those wanting to provide for family members while protecting their assets.
Asset Protection
Suitable for individuals looking to shield their assets from creditors and legal claims.
Specific Beneficiaries
Beneficial for those who want to clearly define who will benefit from their estate.
Steps to Establish a Private Trust:
Consultation
Discuss your unique needs and goals with our experienced trust lawyers.
Trust Setup
Establish the trust and transfer assets to the trustee.
Trust Administration
Manage the trust according to the settlor’s instructions, ensuring the assets are used as intended.
Ongoing Support
Provide continuous support to ensure the trust remains effective and adapts to any changes in circumstances or the law.
Common Questions:
Legal Considerations:
Asset Management & Beneficiary Protection
Secure Your Legacy with a Private Trust
At CNB Amanah, we understand how important it is to protect your family's future. Whether you are looking to preserve your wealth or ensure a smooth transfer of assets, our expert trust advisors can help you create a robust Private Trust tailored to your unique needs. Contact us today to discuss how we can help secure your legacy for generations to come.
Other Trust Services
Insurance Trust
Hybrid Trust
Private Trust
Secure Trust
Saving Trust
Corporate Trust
