Our services include estate planning, settlement of estate via wills and trust formation, wealth structuring, and tax planning. These services are designed to help clients protect, manage, and transfer their wealth efficiently, while also mitigating the impact of taxes and other legal obligations.
We have assisted several clients in meticulous will preparation and setting up trusts, including declaration of trusts.
Trusts are legal arrangements in which assets are held by one party (the trustee) for the benefit of another party (the beneficiary). Trusts are commonly used for estate planning, tax planning, asset protection, and charitable purposes. In Singapore, trusts are governed by the Trust Companies Act and the Trustees Act, among other laws.
Our services relate to the creation and administration of trusts. We assist clients in choosing the appropriate type of trust for their specific needs, preparing necessary documentation, and providing ongoing support for the administration of the trust. Trusts can take many forms, including revocable trusts, irrevocable trusts, testamentary trusts, and charitable trusts.
Another important aspect of trust law is tax planning. Trusts can be structured in a way that minimizes tax liability, both for the trust and for the beneficiaries.
Our key focus areas under this vertical are:
- Navigating the complex tax laws and regulations that apply to trusts and help ensure that their trusts are structured in a tax-efficient manner.
- Services related to the management and distribution of trust assets. This includes assisting trustees in their investment decisions, preparing and distributing annual reports, and resolving any disputes that may arise among beneficiaries.
- Services related to the termination of trusts, such as advising trustees on the appropriate steps to be taken when a trust is terminated and helping to distribute trust assets to beneficiaries in accordance with the terms of the trust.
We have been approached by high-net-worth individuals about setting up trusts and family offices in Singapore which involves careful planning and the right combination of legal, tax, and financial expertise etc., We have the legal expertise coupled with the relevant experiences of our collaborative partners to serve you.