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Private and Family Trusts

Private trust

From a legal perspective, a private trust is a "fiduciary relationship" that grants rights to money or property to a beneficiary. A private trust can survive the death of the grantor or can be created by the instructions of a living will. In the latter case, the trust is created upon the Settlor's death

Family trust

A family trust is an estate-planning product that can help you legally determine who will receive your assets after your death and how much they will receive. There are a variety of family trusts to choose from, depending on your needs and goals. They can also protect your loved ones from additional fees or taxes in the future.

Discretionary trust

A discretionary trust gives the trustee the power to decide how much money the beneficiaries receive from the trust and when. All capital and income are allocated entirely at their discretion. This means there is greater flexibility, and assets can be protected if circumstances change for any reason, however, based on the original intention and best benefit to the Settlor and the beneficiaries.

Asset Protection Trust

An asset protection trust is designed to protect your money and assets from creditors. You transfer ownership of cash or property to a trustee, who manages the cash and property for you. The idea behind the trust is that because the property is now owned by someone else, your creditors arguably cannot arrange to have those assets seized. These trusts must be irrevocable to work, so make sure that you have yours set up exactly the way you want before you pull the trigger.

It is important to transfer the property to the trust before you run into creditor trouble, or the transfer may be disallowed in court.

Life Insurance Trust

The global environment is changing, especially with the pandemic, where many are considering protecting their loved ones. Among the many solutions out there, life insurance is usually a natural starting point as a means to ensure close family members remain safe and secure. However, a life insurance trust may be a better option for those with significant immovable assets – such as property or a company – yet limited liquid assets.

A life insurance trust is essentially a trust that owns the life insurance policy that the settler takes out and collects and disburses the proceeds when the insured passes on. All proceeds are disbursed per the wishes of the insured, according to the terms of the trust document.

Life insurance trusts provide several benefits, as it is a way of investing to provide liquidity and protection to both the settlor and the beneficiary, such as paying medical expenses or any future tax payable. Additionally, once the insurance is paid out on the death of the insured, the beneficiary will have sufficient funds to meet any tax payable and funeral expenses within a short period and prevent the sale of assets such as properties, which the family wishes to retain.

Equity Trust

An equity trust is set up to manage and safeguard the interest of the settlor who invested in an enterprise according to the provisions in the trust deed after the settlor has transferred his equity shares of that enterprise to the trustee.

There is an effective separation of nominal and substantive ownership of a corporation for the sake of the confidentiality or privacy of the settlor. It also helps stabilize the shareholding structure, prevent unnecessary shareholding dispersion, help resolve share disputes, and protect the company's long-term development, effectively preventing family members from losing control of family businesses and reducing disputes among family members regarding management of the family enterprise.

Escrow Service

An escrow service essentially acts as a disinterested third party and takes possession of the money or documents until the transaction is complete, and only releases when all the terms and conditions of the agreement have been met.

The use of an escrow account in a transaction adds a degree of safety, I.E., security for both parties.

The main purpose of an escrow is to ensure that everybody sticks to their end of the bargain. It can be seen as a mediator of the transaction. It asserts that the transfer of assets only happens when all the obligations of the transaction have been met.

Alpha Chamberlain Trust

Nobody likes to think about death, but it is a certainty that we all have to face it one fine day. Given that, we need to consider our mortality when it comes to money. If you don’t, your family could end up having to scramble with financial difficulties when you are not around.

One way to prepare for your eventual demise and to avoid financial hardship for your family is to participate in our alpha chamberlain trust account ("Act") which is essentially a cash trust account with a named beneficiary.

Act acts as a cash reserve ready to meet your family's cash needs when you are not around and, at the same time, optimises your wealth planning and management.

Act before any Regrets

Advantages of setting up a Trust ​

Setting up and managing trusts on time is an invaluable solution for wealth protection. Some of the advantages of a trust are as follows:

Assets transferred to a properly constituted trust no longer form part of the settlor’s property and therefore cannot be seized if a settlor gets into financial difficulties.

Settlor, wishes to keep details of their assets confidential, the only legal form of transfer is via a trust, and this would generally save estate duty and keep the trust assets confidential, let alone protected.

A trust is a useful vehicle for people who may want to provide for those who are unable to manage their affairs, such as infant children, the aged, the sick, or the disabled. Trusts can allow for the independent support of those who require it most.

Preserving family assets, or growing them, is often a motive for setting up a trust. An individual may wish to ensure that wealth accumulated over a lifetime is not divided up amongst their heirs, but rather is retained as one fund to accumulate further.

Distribute assets to heirs efficiently without the high cost, long delay and publicity of probate in court.

Effective tax planning for the asset, such as inheritance tax, estate tax, etc.

Personalized wealth succession plan according to the settlor with secure redistribution. Simplifies legal process, avoiding possible delays and expected and unexpected expenses

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