Trust & Succession Lawyers

Have you planned for your family’s future?

You should consider a Will Trust if you:

• have assets such as a HDB flat that can be sold and the proceeds distributed to your beneficiaries;
• have young children below the age of 21;
• have adult children but you wish them to inherit your assets when they are older because young adults at 21 years old may not be able to handle their own financial affairs.

What is a Testamentary Trust or a Will Trust?

A trust is a legal framework in which you (the settlor) give a trusted person (the trustee) the right to hold title to property or assets for the benefit of others (the beneficiaries).

A Testamentary Trust (Will Trust) is a trust that is formed in a Will to take effect only after the settlor’s death.   

When the settlor passes away, assets flow into the testamentary trust through the Will and are subject to the Grant of Probate process.

In the event the settlor loses his or her mental capacity, the Will Trust does not come into operation.  The Will Trust only comes into operation upon the settlor’s death.

How can we help?

Our fees are fixed, clear and transparent.

If you are interested in learning how a Will Trust may be beneficial to you, please don’t hesitate to get in touch. The first consultation is free.