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UBB Amanah
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Trust
Why Create A Trust?
Trusts can be used to help preserve and distribute wealth to meet a wide variety of personal and financial goals. Some people use them to protect assets from future claims while continuing to receive discretionary income and principal distributions from those assets. Others use them to pass wealth to future generations. Still others use them to provide for charitable organizations.
The Use of A Trust
Trusts are legal entities created specifically to hold assets for the benefit of a beneficiary or beneficiaries a person, a group of people, or even another entity. Trusts enjoy specific legal protections that may vary from state to state. They can be funded with almost anything: cash, marketable securities, real estate, insurance policies, and even shares of privately held companies.

Different types of trusts can be used to meet the goals of the grantor the person who establishes the trust. Some trusts require the grantor to give up control of the trust assets immediately. Others allow the grantor to retain control of the assets during his/her lifetime and to collect income from the trust prior to his/her death. It is not uncommon for someone to need more than one type of trust to meet all of his/her needs.
Trust Structure
 
 
Trust
Will Writing
Process Of Administration
 
Why create a trust?
Trusts are created specifically to hold assets for the benefit of a beneficiary or beneficiaries. Trusts enjoy specific legal protections that may vary from country to country.
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