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UBB Amanah
  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.

     We Provide:
  • Private Trust Services
  • Business Trust Services
  • Will Writing Services
  • Custodial Services
  • Executorship & Administration
  • Bespoked Trust Services
  • Stakeholder & Escrow Services
  • Estate Management
  • Property Trust Services
  • Living Trust Services
  • Insurance Trust Services
  • Hibah Trust Services
The Use of A Trust
Trusts are legal entities 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. Trust Fund or Trust Property can be in many form: 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 settlor, the person who establishes the trust. Some trusts require the settlor to give up control of the trust assets immediately. Others allow the settlor 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 have more than one type of trust to meet all of his/her needs.


A Trust Requires Four Essential Elements, Namely:
  1. The settlor who is the person who provides the initial funds to establish the trust
  2. A trustee who or which is the legal owner of the trust property but not the beneficial owner. The trustee is usually a company which owns the assets of the trust, not in its own right, but as trustee of the trust. The trustee subject to the mandate is responsible for the financial of the trust, and makes decisions about investments, distributing income, borrowing money etc;
  3. Trust property, also known as the trust fund. This comprises all the property of the trust, including accumulated income and any other money and property held by the trustee under the terms of the trust deed; and
  4. Beneficiaries who are the people and/or entities for whose benefit the trustee holds the trust property. The beneficiaries themselves do not have a separate interest in the trust assets under a discretionary trust. They merely have the right to be considered when the trustee makes a distribution. Some trusts (e.g. trust for charitable purposes) have objects rather than beneficiaries.
 
 
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.
Stay in touch and learn the importance in setting up a TRUST
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