Trust Services
What is a Secure Trust?
A Secure Trust is a trust arrangement where cash is placed as a trust asset for the benefit of the beneficiaries. It is designed to act as an emergency fund, providing immediate access to funds upon the settlor’s Total Permanent Disability (TPD) or death, bypassing the lengthy probate process in Malaysia.
Key Feature:
- Emergency Reserve: Provides a financial buffer, allowing immediate access to funds during unforeseen circumstances, such as medical emergencies or sudden financial needs.
- Efficient Asset Transfer: Streamlines the distribution of assets, avoiding the delays and complexities associated with the probate process in Malaysia.
Advantages of a Secure Trust in Malaysia
Financial Security
Ensures that beneficiaries have access to necessary funds quickly, offering peace of mind in a country where probate can be time-consuming.
Probate Avoidance
Directly transfers assets to beneficiaries without the need to go through the Malaysian probate system, which can be costly and slow.
Comprehensive Estate Planning
Supports long-term financial planning, enabling you to protect and manage your assets in accordance with your wishes and Malaysian legal frameworks.
When to Consider a Secure Trust in Malaysia:
Emergency Preparedness
Essential for those who want to ensure that their loved ones have immediate financial support in the event of unforeseen life events or emergencies.
Efficient Estate Management
Ideal for individuals looking to simplify the asset transfer process and avoid the lengthy and expensive probate proceedings commonly found in Malaysia.
Steps to Establish a Secure Trust:
Consultation
Discuss your needs and explain how a secure trust can benefit you with our experienced trust lawyers.
Trust Setup
Establish the trust and transfer cash assets to the trustee.
Trust Management
Manage the trust according to the settlor’s instructions, ensuring the funds are available when needed.
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:
Emergency Fund & Avoiding Probate
Secure Your Legacy with a Secure Trust
At CNB Amanah, we understand the importance of securing your family's future. A Secure Trust ensures that your loved ones have immediate access to crucial funds during unforeseen events like Total Permanent Disability (TPD) or death, bypassing Malaysia's complex probate process. Take Control of Your Future Today! Don’t leave your family's financial security to chance. Protect your assets and streamline their distribution by setting up a Secure Trust with CNB Amanah. Contact us now for a consultation with our expert trust advisors. Together, we’ll design a trust that gives you peace of mind, knowing your legacy is safe and your loved ones are cared for.
Other Trust Services
Insurance Trust
Hybrid Trust
Private Trust
Secure Trust
Saving Trust
Corporate Trust
