Beginner’s Guide to Choosing the Best Private Trust Setup Services in Malaysia
Trusts, in all their forms, are established to offer legal protection and organised distribution of assets and wealth. They represent one of the most cautious methods to ensure beneficiaries receive their rightful shares. Opting for private trust setup services in Malaysia empowers you, as the settlor, to dictate your wealth management strategies. Trust administration provides flexibility for consistent and reliable asset management both during the settlor’s lifetime and afterwards.
Malaysia stands as a prominent global business center experiencing continuous wealth accumulation. Consequently, there’s a growing need for financial instruments and mechanisms to safeguard wealth and assets. Accordingly, the legal framework governing trusts, including updates to the Trustees Act, have been revised.
Presently, trusts established in Malaysia after December 2004 have the potential to endure for up to a century, providing ample time for wealth settlement and provision for future generations. Trusts are indeed an indispensable tool in any shrewd estate planning and wealth management strategy.
In our guide, we’ve highlighted trustees renowned for their professionalism and impeccable track records. Additionally, we offer pertinent information about private trusts to kickstart your exploration journey.
What Are Private Trust Setup Services?
Private trusts are established by settlors to preserve, manage, or transfer their assets as per their wishes. The trust instrument is created through a written document, legally transferring assets to trustees. Engaging private trust setup services in Malaysia involves entrusting your assets to the administration of the trust.
Private trusts allow you to stipulate terms and conditions regarding how your assets are to be held or managed. Subsequently, trustees will administer these assets in accordance with the specified instructions, which may involve investment, wealth generation, lifelong support, or direct distribution to beneficiaries.
Essentially, trusts serve as dependable and secure long-term legal arrangements for financial affairs. Private trust services prove beneficial, particularly when business interests are passed down to successors, facilitating proper shareholding administration and averting potential family conflicts.
Why Opt for Private Trust Setup Services?
In Malaysia, trusts do not necessitate formal registration and offer a seamless way to ensure continuity in inheritance management. Moreover, no estate duties or capital gains taxes are imposed. Private trust setup services in Malaysia rank among the most favoured methods for securing and transferring wealth.
These services also mitigate the risk of intestacy, which may arise if only a will is left behind and is susceptible to court challenges. Furthermore, the terms of a will may become public in certain instances. Apart from their inherent utility, private trust setup services afford discretion and privacy.
You can structure your private trust to provide for minor or incapacitated beneficiaries, offering protection from creditors under specific circumstances. It’s a prudent measure ensuring optimal protection for your assets and the interests of your beneficiaries.
Where Can I Find the Best Private Trust Setup Services?
Rest assured, if you seek private trust setup services, our top ten list features the industry’s most competent and reputable names. From comprehensive packages to innovative solutions, there’s something to accommodate every budget and requirement imaginable.
Here Are the Top 10 Best Private Trust Setup Services in Malaysia
3E Accounting Malaysia
| Company Name: | 3E Accounting Malaysia |
| Website: | https://www.3ecpa.com.my/ |
| Email Address: | info@3ecpa.com.my |
| Contact #: | +603 27338633 |
| Address: | Menara Centara, 360, Jalan Tuanku Abdul Rahman, #20-01, 02/03, 50100 Kuala Lumpur, Malaysia |
| Operating Hours: | Monday to Friday: 9 AM–6 PM |
| Services Offered: | Trust Setup, Accounting, Bookkeeping, Company Incorporation, Registration, Business Support, Human Resources, and a range of other corporate services. |
UBB Amanah Berhad
| Company Name: | UBB Amanah Berhad |
| Website: | https://www.ubbamanah.com/ |
| Email Address: | info@ubbamanah.com |
| Address: | B-G-09, Galeria Hartamas, No.21, Jalan 26/70A, Desa Sri Hartamas, 50480 Kuala Lumpur. |
| Operating Hours: | Monday to Friday: 9am – 6pm |
MahWengKwai & Associates
| Company Name: | MahWengKwai & Associates |
| Website: | https://mahwengkwai.com/ |
| Email Address: | lawyers@mahwengkwai.com |
| Address: | Level 10-1, Tower B, Menara Prima, Jalan PJU 1/39, Dataran Prima, 47301 Petaling Jaya Selangor, Malaysia |
| Operating Hours: | Monday to Friday: 9am – 6pm |
Thomas Philip
| Company Name: | Thomas Philip |
| Website: | https://www.thomasphilip.com.my/ |
| Email Address: | tp@thomasphilip.com.my |
| Address: | 5-1, Jalan 22A/70A Wisma CKL, Desa Sri Hartamas, 50480 Kuala Lumpur, Malaysia |
| Operating Hours: | Monday to Friday: 8:30am – 5:30pm |
Universal Trustee (M) Bhd
| Company Name: | Universal Trustee (M) Bhd |
| Website: | https://www.universaltrustee.com.my/ |
| Email Address: | info@utmb.com.my |
| Address: | 3rd Floor, No. 1, Jalan Ampang, 50450 Kuala Lumpur, Malaysia. |
| Operating Hours: | Monday to Friday: 8:30am – 5:30pm |
Zico Agency Sdn Bhd
| Company Name: | Zico Agency Sdn Bhd |
| Website: | https://www.zicoagency.com/ |
| Email Address: | admin@zicoagency.com |
| Address: | WORQ, Glo Damansara Shopping Mall, Lot 1.02, Level 1, 699, Jalan Damansara, TTDI, 60000 Kuala Lumpur. |
| Operating Hours: | Monday to Friday: 8:30 AM–5:30 PM |
Association of Trust Companies (ATCM)
| Company Name: | Association of Trust Companies (ATCM) |
| Website: | https://www.atcm.com.my/ |
| Email Address: | info@atcm.com.my |
| Address: | No. 62, Jln 2/131a, 58200 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur |
| Operating Hours: | Monday to Friday: 9am – 5pm |
Maybank
| Company Name: | Maybank |
| Website: | https://www.maybank2u.com.my/maybank2u/malaysia/en/personal/wealth/wills_trusts/private_trusts.page |
| Email Address: | mtb.bd@maybank.com |
| Address: | Menara Maybank, 100 Jalan Tun Perak, 50050 Kuala Lumpur. |
| Operating Hours: |
AmanahRaya
| Company Name: | AmanahRaya |
| Website: | https://www.artrustees.my/index.html |
| Email Address: | crmd@arb.com.my |
| Address: | Ground Floor & Level 1, Wisma AmanahRaya, No, 2, Jln Ampang, 50508 Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia |
| Operating Hours: | Monday – Friday 9 AM to 4 PM |
SIM & RAHMAN
| Company Name: | SIM & RAHMAN |
| Website: | https://simrahman.com/ |
| Email Address: | enquiry@simrahman.com |
| Address: | 91-2, Jalan Setia Gemilang BG U13/BG Setia Alam Shah Alam 40170 Selangor, Malaysia. |
| Operating Hours: | Monday to Friday: 8.30 AM to 5.30 PM |
End of List on the Top 10 Best Private Trust Setup Services in Malaysia
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