Majority of people assume they don’t have an estate and therefore they don’t need an estate plan.

But if you own a car, house, jewels, some money in the retirement fund or even life insurance than you have assets you need to protect, plan and pass on to your loved ones.

An estate plan is especially important if you have children who are minors and /or other dependents. Have you also considered these other major concerns?

1. Who will take care of your children if something happens to you
2. How can you ensure that the needs of the elderly is taken care of
3. Who will manage your home and business affairs if you become incapacitated.

You can meet your estate planning goal by creating a TRUST and a WILL or a combination of the two, you will have gone a long way in providing for your loved ones future when you are not there.

If you pass on without a TRUST or a WILL, there will be repercussions:

• Your assets will be frozen for 2-3 years or more
• Your estate will need to obtain letters of administration before it can be distributed, again a waiting period of 2-3 years.
• It will not be distributed according to your wishes but in accordance to Distribution Act 1958 and in case of Muslim estate will be in accordance with Syariah Law.
• There will be no privacy but will be public knowledge
• Your loved ones will be left with the NIGHTMARE,HARDSHIP AND BURDEN of Obtaining Letters of Administrations and then the even more difficult task of distributing the assets

But with a TRUST and/or a WILL, none of these consequences will arise.

• Most people need BOTH.
• Trust may serve several purposes. A big advantage of a TRUST is that it is set up and can take effect during lifetime and generally the best strategy to avoid the delays of obtaining the letters of probate and protect your financial privacy.
• You need not create a Trust of entire assets but may select and choose and you may change your instructions as you deem necessary. It is also designed to provide for minor children while you are alive. In other words there is continuity from the moment of your demise.
• WILL names the heirs of your estate i.e. family members, friends and /or charities and it stipulates how your property is to be distributed upon your demise.
• Here your entire estate will be distributed to your beneficiaries in accordance to your wishes.

• In many estate plans, the Trust is the central tool that is used to control and manage property.
• A Trust is created while you are alive or as part of a Will and continues despite your incapacity or your death.
• A Trustee can be an individual or a Trust Corporation is appointed to administer such assets as you wish for you and/or your beneficiaries in your lifetime and upon your death.
• A Trust Deed determines how a Trustee is to act with respect to the Trust estate.
• A Trust can also determine how property is to be distributed after your death as per your instructions.
• A Trust is thus one of the major estate planning tools used for your property so that court interference in the event of incapacity or death can be dramatically reduced if not completely eliminated.

• The only time that you can prepare and implement a Trust and an estate plan is while you are alive and have legal (“mental”) capacity to enter into a contract.
• The best time to discuss the need for a Trust as part of a comprehensive estate plan and create a Trust is NOW.

• SIMPLE! Appoint PERPETUAL TRUSTEES
• We will take away all your hassle and trouble of applying for Letter of Administration and the distribution of your assets.
• Our experience in this area will not only save your time and money but we will relieve you of a great responsibility and stress in the administration of your entire estate.

The common type of Trusts are:

• Cash Trust
• Property Trust
• Investment Trust
• Insurance Trust
• Education Trust
• Retirement Trust
• Secret Trust
• Protective Trust
• Lifestyle Maintenance Trust
• Funeral Trust

• The period of the lifetime of one or more specified persons living when the settlement is created and 21 years
• A fixed period up to 80 years (only applicable if specified in the settlement)
• Charitable Trust last forever