Private trust in Kota Kinabalu
Decide not only who receives your assets, but also when and how.
What it is
A private trust is a written arrangement. You place assets in it, and a trustee looks after them for the people you name, following your rules.
Who it is for
Families who want a say in how and when assets are passed on. For example, to a child, a spouse, or a family member who needs long-term support.
What you get
A trust written to your wishes, after a simple explanation of how it differs from a will. Ask whether a will, a trust or both suit you.
General information, not legal advice.
Three quick questions
What is a trust?
A trust is an arrangement where a trustee looks after assets for other people, called beneficiaries. You write the rules. The trustee must follow them.
How is a trust different from a will?
A will only takes effect after you pass away. A trust can begin now, while you are still here to see it work. Some families have both.
Who looks after the trust?
The trustee. It can be a person you trust or a trust company. They keep the assets safe and use them as the trust document says.
Your next step: one WhatsApp message.
Ask the fee and the steps first. No need to commit anything.