The world's local bank
- Home
- Personal Banking
- Services
- Trustee Services
Trustee Services
Succession Planning
What Is A Trust?
A Trust is a legal relationship whereby one individual (the "Settlor") transfers his/her assets (the "Trust Fund") to another individual or company (the "Trustee") who holds and manages these assets for the benefit of others (the "Beneficiaries") named by the Settlor. The Trustees are bound by the terms of the Trust Deed.
A Trust can be established during your lifetime ("Inter Vivos Trust") or upon your death under the terms of your Will ("Testamentary Trust"). Trusts have different characteristics depending on the provisions included in a Trust Deed.
What Can I Transfer To A Trust
You may transfer to a Trust any type of assets, such as cash, securities, real properties or shareholdings in an investment holding company.
What Are The Benefits Of Having A Trust?
Depending on the structure of the Trust, a Trust can be confidential, tax efficient and highly flexible financial planning instrument to provide for specified beneficiaries, during and after your lifetime. The major advantages include:
Confidentiality
Assets are held in the Trustee’s name, therefore the identity and interests of the beneficiaries are kept confidential continuously until the trusts terminates.
Tax planning
A Trust may be an effective tax-planning tool in certain cases. However, HSBC (Malaysia) Trustee Berhad, Global Wealth Solutions will not make any representation on the effectiveness of the Trust structure, and you are strongly recommended to seek independent legal and tax advice regarding the Trust.
Asset protection
Assets are professionally managed and protected against unwarranted risk as well as being protected for current beneficiaries and for future generations.
Succession Planning
A Trust may be used to make provisions for your family members, relatives and friends, charities and other organisations in the way you desire.
Important Notice
This service will be provided by HSBC (Malaysia) Trustee Berhad, Global Wealth Solutions. For more information, please contact HSBC (Malaysia) Trustee Berhad, Global Wealth Solutions at 603-7711 8100.
Promotions
