EPC engages reputable trust companies that are licensed and supervised by the Monetary Authority of Singapore (MAS) to provide our clients with simple and practical trust solutions. The most common uses of trusts include:
- Standby trusts – individuals can write a Will to pour over their assets upon death into an existing trust. Such standby trusts are popular because they allow assets to be used up till the time of death while the distribution plan and wishes of the individual can be easily amended as frequently as needed over his lifetime.
Insurance trusts – such trusts hold insurance policies as their major asset. These days it is not uncommon for individuals to purchase policies with multi-million dollar payouts to benefit their children. When such policies are assigned to a trust, their huge proceeds can then be held back and distributed in an orderly way according to the life assured’s wishes.