Trusts and Private Wealth Management – How to Safeguard Your Legacy

As high-net-worth individuals, one of the greatest challenges you face is ensuring your wealth is preserved for future generations. Whether you’re managing a family business, navigating complex asset structures, or dealing with international tax implications, the risk of losing control over your wealth is ever-present.

In our latest article, we explore how trusts can be a powerful tool for private wealth management, ensuring your assets remain intact across generations. By using a trust structure, you can:

  1. Prevent family disputes over asset control and management
  2. Engage skilled professional trustees for expert asset management
  3. Avoid legal hurdles like forced heirship laws
  4. Reduce tax burdens through strategic trust setups

Through the case studies of the Yeo Hiap Seng Limited family business and Shaik Sallim Talib’s legacy, we highlight how trusts can preserve wealth over multiple generations, ensuring the continued prosperity of descendants, even in the face of conflicts.

Singapore’s robust legal framework, favorable tax policies, and absence of estate duties make it an ideal location for setting up trusts. 🌏💼

If you’re looking to safeguard your family’s legacy and ensure that your wealth is managed professionally and efficiently for generations, consider the strategic use of trusts in your private wealth management plan.

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Trusts and Private Wealth Management – How to Safeguard Your Legacy