Pacific Trustees Singapore

28/01/2022

We here at Pacific Trustees Group International would like to wish you a prosperous and healthy year ahead to you and your family.

With love from,
Pacific Trustees Group International

24/12/2021

Pacific Trustees would like to wish all our business partners, clients and followers a Blessed Merry Christmas and a Happy New Year to all.

31/12/2020

16/12/2020

5 Reasons why you need Pacific Trustees Bhd in your Estate Planning

1. Expertise & Experience

The Pacific Trustee Bhd is responsible for administering the trust account, ensuring the safekeeping of all assets in the trust, record-keeping, accounting, monitoring and initiating distributions as outlined in the trust, coordinating and preparing tax documents, monitoring the investment manager of the trust assets and paying bills. Pacific Trustees Bhd performs all these tasks daily for perhaps hundreds to thousands of different trusts. Thus, they have the capability, know-how, professionalism and processes in place to handle these tasks if you or your proposed individual trustee does not have that same comfort or experience level.

2. Limited liability for individuals, as the corporate trustee is a separate legal entity

This means that if your trust encounters any legal issues, the company is legally responsible, not its directors. Thus, your family is spared the hassles of settling the issues.

3. Easier separation of trust and personal assets as they are held in different names

Hence, it’s relatively straightforward to distinguish which of a person’s assets are part of the trust.

4. Regulated Industry

As corporate trustees, Pacific Trustee Bhd is registered under the Trust Companies Act, 1949 and regulated by the Companies Commission of Malaysia (CCM).

5. Simpler succession and control of the trust in the event of death

Unlike an individual, Pacific Trustee Bhd has a perpetual existence to provide continuity. Therefore, the title to the assets would not change, and your wishes will be carrying out all its duties independently and professionally without any conflict of interest.

Pacific Trustees Berhad is an award-winning Trust Company with established operations in Malaysia, Labuan and Singapore. As a vibrant regional player, we have to date provided trust services to more than 200 Issuers in the market, with a total fund size of about RM426 billion in nominal value.

To start your trust and estate planning journey, contact us now at 03-2166 8830 or WhatsApp us at +6011-1608 0283.

15/12/2020

Estate planning is a growing niche especially for medium to high net worth individuals with the aim of avoiding wealth shrinkage and probate.

01/12/2020

01/12/2020

Individuals should ensure that their wills are properly drawn up so that their estates are distributed according to their wishes. If they do not do so, the administration of their estates could be tricky affairs or long uphill battles. According to lawyers, the most common pitfall when it comes to d...

27/11/2020

WHEN you inherit a property, there are many things to consider.

25/11/2020

Many people know that they need an estate plan, but are not quite sure what it actually entails.

24/11/2020

5 reasons why you need a Trust:

1) Avoiding Probate
Trust Assets do not form part of the Estate of the deceased and can operate under the terms of the trust, and therefore there is no need to wait for Grant of Probate.

2) Planning for incapacity
In the event of incapacitation, one benefit is that your wishes through the trust will still be able to be carried out via the Trustees.
For example: If you are in the ICU and need a long term care facility, who will pay for your bills and manage your assets? If your trust is funded, the Trustee can do that for you.

3) Ensuring children's maintenance and education
For parents that are incapacitated or deceased that have minor children, as a responsible parent you would want to ensure their maintenance and education is overseen by a Trustee until they are old enough to manage the monies themselves.

4) Protection beneficiaries from themselves
Another benefit of having a trust, if a beneficiary has a drug addiction, is a spendthrift , makes poor choices or not living to the wishes of the settlor, having a Trustee limits their access to the trust funds.

5) Creditor protection
If a settlor/beneficiary is in a business or profession that makes him/her susceptible to lawsuit, having a trust can protect the assets and keep them out of reach by his/her creditors if the trust has been created after 5 years.

Hence, start your Estate Planning with us today!
For more information, please contact us at 03-2166 8830 or WhatsApp us at +6011-1608 0283.

20/11/2020

In my experience, estate planning is one of the areas of financial planning with the most widespread confusion and unfortunately, this can lead to costly mistakes in terms of time, money, and stress for people's families. In particular, here are ten estate planning myths I hear most often: