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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