A Family Trust is the foundation of almost every asset protection and succession planning structure. It will be used as a base document to protect your family’s lifestyle and retirement assets and to allow for any changes that may occur in your life.
A special purpose Trust which typically differs from normal Family Trusts in that the Single Trust may have a single Corporate Trustee rather than family members directly, or may list specific Trusts as beneficiaries rather than family members.
To protect the deceased’s loved ones’ assets from being unauthorizedly used by his/her relatives. This Trust is unchallengeable by other parties or his/her’s next of kin.
Whilst asset protection is also the purpose of Business Trusts, efficient tax planning and business succession issues are motivators in establishing Business Trusts.
A Charitable Trust is a legal structure which acts as your vehicle for philanthropic giving. It is specifically designed for charitable purposes, whether it relates to the relief of poverty, the advancement of education or religion, or any other matter beneficial to the community.
Interest Scheme is a way of doing business in Malaysia involving the pooling of financial contribution from the public in exchange for an interest in a particular scheme.