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Singapore family office establishment process
Why is there a family trust in the overseas family office structure?
The role of family trusts
- Succession planning
- Waiver of probate
- Trust assets can be distributed to beneficiaries in stages, without a one-time distribution
- If the founder is disabled, the trustee can pay medical expenses, living expenses, etc. from the trust assets
- Asset protection to prevent third parties from claiming assets in the event of divorce / separation. Assets can also be protected.
Difference between trust and will
| Trust | will |
| Trust is a confidentiality arrangement | A will is a public document |
| Distribution plan confidential | Public distribution plan |
| Waiver of probate | Probate required |
| Protect assets | Vulnerable |
| Provide flexible asset allocation based on the interests of the trust beneficiaries | Everything is established and lacks flexibility |
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Singapore FOZL Group Pte. Ltd.
, Singapore Accounting and Corporate Regulatory Authority licensed corporate advisory firm
registered Singapore company examined taxation
trademark registered corporate advisory services Offices
6 Raffles Quay, # 14-02, # 14-06, Singapore 048580[/vc_column_text][/vc_column][/vc_row]