SERVICES

Trust

Essential to a well-crafted estate plan

A trust is a fiduciary arrangement that allows a trustee to hold assets on behalf of a beneficiary or beneficiaries usually until a fixed date in the future or the happening of an event  stipulated under the trust.

Listed here are two of our Trust Services:

Individual  Trust

A trust can be created in your will and testament to safe guard the following :

  • for the maintenance of your minor children below the age of 18 years;
  • for the maintenance of basic needs like living expenses, shelter and education of your adult children with whom you would like to postpone distribution of the capital value of your estate until a determined date in the future;
  • for the postponement of transfer of property registered in your name to your children in favor of  a life tenancy of a spouse or partner to occupy said property;
  • for court directions for the sale of property or properties and distribution of the sale proceeds to your beneficiaries where there is for example a disagreement as to the sale price;
  • for charitable purposes where the structure of the trust protects against releasing too much too soon.

Family Trust  

This is also known as a discretionary trust where the trust structure has tax advantages and asset protection as its underlying basis.  A discerning business owner or family business group knows how to  use a family trust as a legal instrument to ensure that the family business legacy is succeeded by many generations down the line. 

Besides gaining the tax benefits afforded by such a trust, the protective edge is that the assets in the trust are generally out of reach of creditors of the beneficiaries.  Such trust protects the beneficiary from their own individual defaults and ensures successful succession of the family’s business legacy. 

We, HERITANCE WILLS work with our affiliated partners like investment banks to construct family trusts in line with the family’s business vision and financial plans to carry on the legacy of the family business into the future.

For the creation of an individual or family trust, we offer the following services:

  • structuring a trust in accordance with the individual or family’s business succession goals;
  • serving as professional trustees or assisting in the appointment of a trust corporation.
To engage us to structure a trust
to protect your beneficiary or business

Our 3Cs Process

So how do you go about drawing up your will?   Our answer is 3Cs.

At HERITANCE WILLS, we make the will writing process simple and easy for you. Our preliminary steps shall ensure that you are sufficiently guided as to how to start and complete your wills within a week from receipt of full information from you, as some of our clients have attested to in our REVIEWS page. We discourage prolonging the process for longer than necessary as we do recognize that drawing up a will may be an emotional exercise for some, hence getting it done fast and getting it done right is our assurance to you

Checklist

You shall be furnished with our Checklist to start off. This Checklist contains questions about your personal information which you will find easy to prepare. Then, one of our team members shall get in touch with you, preferably via email to ensure that all questions from you on our Checklist are attended to. If you have any questions on our Checklist, it shall be addressed by our Legal Consultants or complex questions by our Principal Legal Consultant. Up to this point, our services are complimentary.

Consultation

After receiving from you a completed Checklist, we offer a Consultation date in order for us to appreciate your personal circumstances in more detail which allows us to tailor made our advice accordingly. We charge a fixed fee for the consultation but this fee shall be set off with our retainer cost if you appoint us to proceed; hence the consultation fee is then part of the package.

Should you decide not to proceed after the consultation, we are happy to have provided you with the legal advice to plan your estate, and perhaps when the time is right for you, we hope to be of service later on. Should you decide to proceed, which more than 99% of our clients after consultation decide to do, you shall be asked to sign our Retainer to appoint HERITANCE WILLS. You have full control over what you decide to do after the consultation.

Completion

Our team gets down to drawing up your will or wills. On your approval of the will, we shall set an appointed date and time for you to execute your will. If this execution is at our office, then we shall provide the witnesses to your will. Once signed by all parties, and depending on the relevant jurisdiction, your will is then completed.

A final task is for you to decide where your original will is to be stored. Find out more about our WILLSAFE storage services here

WORKING EXPATS’ EPF PROTECTION

We provide complimentary consultations to protect the above.

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