Families have been using trusts as a means of holding and
passing on family wealth for centuries and they still offer great
advantages, particularly for individuals who are changing, or
planning to change, their domicile, residence or citizenship; those
with families resident abroad; those seeking asset protection; and
those whose principal motivation is to ensure the smooth succession
of their estate on death, free of any forced heirship restrictions
or lengthy probate procedures.
Singapore is increasingly considered by HNWIs worldwide as the
preferred location for trust setups. Singapore's stable
government and political system, robust legal system, progressive
financial regulatory framework, competitive tax regime and
compliance with international standards have made it a legitimate
and respected jurisdiction for wealth management and an attractive
trust jurisdiction.
