Declaration of Trust

In today’s world of economic and political uncertainties, the need to have better asset protection and planning is increasing day by day. Based on this, more and more people are seeking advice or assistance on the following situations below:

• You are using your sister's name to buy a house. It is registered in the your sister’s name but you are paying for it. How to protect your right/interest in the property?

• You have 3 minor children. You are worried that in the event of death, disability or serious illness, all assets will be stuck when you are bed-ridden or stuck in court for some time. How can you solve this problem?

• An association bought properties but registered it in the name of several committee members, how can the association prevent the properties being inherited by the families of the committee members?

• A foreigner who is staying in Malaysia under the Malaysia My Second Home (MM2H) program, but he has only a bank account, listed shares and golf club membership. He wants his wife to get the moneys in the bank account quickly without having to wait for Probate.

The above are some of the areas that a Declaration of Trust can be used to fulfil your wishes.

If you want to know more about the Declaration of Trust, kindly email me for more details at shpoh88@gmail.com.