Glossary · structure
Trust
Also known as: private trust, family trust
- Definition
- A trust is a legal arrangement in which assets are transferred to a trustee to hold and manage for the benefit of named beneficiaries, governed by a trust deed. Used in HNW wealth planning for succession, asset protection, and confidentiality.
Singapore trusts are governed by the Trustees Act 1967 and Trust Companies Act 2005. Licensed trust companies (e.g. Bank of Singapore Trustees, UBS Trustees Singapore, Trident Trust) administer the trust on behalf of the settlor. Trusts are typically used for multi-generational wealth structuring, asset protection from political or commercial risk, and pre-IPO planning by founders. Singapore offers a robust trust framework with strong asset-protection provisions and clear judicial precedent.
Source: Trust Companies Act 2005
Related
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