archive-sg.com » SG » R » ROCKWILLS.COM.SG

Total: 403

Choose link from "Titles, links and description words view":

Or switch to "Titles and links view".
  • Family Trust » Rockwills Corporation Pte Ltd
    Charitable Trusts Asset Protection Trusts Elder Trusts Trusts for Young Persons Mass Affluent Trusts Business Succession Trusts Customized Trustee Services Services relating to Private Trusts Companies Escrow Services Agency Services Trustee for Pension Funds Home About Rockwills Trustee Overview Board of Directors Management Team Our Services Private Trustee Services Corporate Trustee Services Customized Trustee Services News Room News Events Press Clipppings Articles FAQs Contact Us Contact Information Online Enquiries Home

    Original URL path: http://www.rockwills.com.sg/trustee/index.php?mid=19&p=contents-item&id=83 (2012-12-22)
    Open archived version from archive

  • Family Trust » Rockwills Corporation Pte Ltd
    Elder Trusts Trusts for Young Persons Mass Affluent Trusts Business Succession Trusts Customized Trustee Services Services relating to Private Trusts Companies Escrow Services Agency Services Trustee for Pension Funds Home About Rockwills Trustee Overview Board of Directors Management Team Our Services Private Trustee Services Corporate Trustee Services Customized Trustee Services News Room News Events Press Clipppings Articles FAQs Contact Us Contact Information Online Enquiries Home Our Services Customized Trustee Services

    Original URL path: http://www.rockwills.com.sg/trustee/index.php?mid=22&p=contents-item&id=83 (2012-12-22)
    Open archived version from archive

  • FAQs » Rockwills Corporation Pte Ltd
    have one or two more children in future Does it mean that I have to amend the Trust Deed each time I have a new baby If it is your intention that all your children should be part of the Beneficiaries under the Trust it is not necessary to amend the Trust Deed Read More At what age will my children inherit my property A person is legally capable of holding property upon attaining the age of 21 If you want your children to inherit later then it should be expressly stated in the trust deed the age which they should inherit Read More Can Protector remove and appoint Trustee If expressly provided under the Trust Deed the Protector may remove and replace the Trustee subject to such conditions as may be stipulated Read More Testator named Rockwills Trustee Ltd to be the Executor and Trustee in his Will He also has opted for a testamentary trust in his Will When the testator dies Rockwills Trustee Ltd who now is the executor will proceed to obtain the Grant of Probate The complete fees can be found in the approved annual Schedule of Fees Read More What does the Trust do The Trust can be one of the effective legal tools to help you manage your wealth or financial planning Read More How does it work It requires the Settlor to give away his assets such as shares money and property to Rockwills Trustee Ltd to hold it on trust for the benefit and enjoyment of the beneficiary ies Read More What does it mean by giving away the Settlor s assets It simply means the transfer of the legal title of the Settlor s assets to Rockwills Trustee Ltd Therefore Rockwills Trustee Ltd will become the legal owner of the

    Original URL path: http://www.rockwills.com.sg/trustee/index.php?mid=15&p=contents-items&id=8&page=2 (2012-12-22)
    Open archived version from archive

  • FAQs » Rockwills Corporation Pte Ltd
    having a Will be sufficient without having a Trust Without a doubt having a Will written is important However unlike a Will a Trust can serve many purposes to complete estate planning For instance a Trust allows wealth protection and preservation which a Will cannot do Read More Is the property under the Trust subject to the procedure of grant of probate or letter of administration The properties or its distribution under the Trust hereinafter referred to as Living Trust are not subject of any order from the Court as they not form part of the Will Read More What s a Living Trust A Trust created during the Settlor s life time is a Living Trust Ordinarily by way of a document i e a trust deed or a declaration of trust executed by the Settlor Read More What s a Testamentary Trust Testamentary Trust arises from a clause in a Will after the death of the Testator and is subject to the estate administration process Read More Would the properties under the Testamentary Trust be subjected to the order from the Court regarding the distribution Yes The Testamentary Trust forms part of the Will therefore upon the death of the Testator the properties in the Will and in the Testamentary Trust will be frozen Grant of Probate or Letters of Administration must first be obtained Read More What is the characteristic of a Trust There is actual transfer of the properties to the trust at the time is created Read More If a Trust has so many advantages as compared to a Will should we have a Will or a Trust Wills and Trusts are not mutually exclusive Even those who are very wealthy are unlikely to transfer everything they have into a Trust during their lifetime leaving

    Original URL path: http://www.rockwills.com.sg/trustee/index.php?mid=15&p=contents-items&id=8&page=3 (2012-12-22)
    Open archived version from archive

  • FAQs » Rockwills Corporation Pte Ltd
    Trust Why would I need another Trust to carry out my instructions My instructions in the Testamentary Trust will only be carried out upon death and it is also subject to the waiting period of the administration process Whereas the Living Trust is already set up and can administer the client s instructions immediately Read More After settling a Living Trust can it be cancelled or terminated Yes it can if there is a revocable clause in the Trust Deed Read More What s a revocable and irrevocable Trust A revocable Trust is one where the Settlor reserves a power or right to cancel or terminate the Trust An irrevocable Trust is a Trust where the Settlor does not have the power or right to terminate the Trust Read More Who else can revoke a revocable Trust other than the Settlor We would only recommend that it be revocable only by the Settlor Read More What s the consequence of revoking the Trust In the event that the Settlor exercises his power of revocation the Trust will come to an end and the Trustee will be under an obligation to transfer all the property of the Trust back to the Settlor Read More Why would the client create an irrevocable Trust and not on a revocable basis To have his assets protected from creditors This is because in the event of the Settlor s bankruptcy all rights and powers exercisable by him in relation to the provisions of a trust deed including the right to revoke the Trust will be assigned to the Official Assignee Read More As long as the Trust is irrevocable it will prevent creditors from claiming Yes if the Trust is irrevocable it will prevent the client s estate creditors from claiming the trust property 5

    Original URL path: http://www.rockwills.com.sg/trustee/index.php?mid=15&p=contents-items&id=8&page=4 (2012-12-22)
    Open archived version from archive

  • FAQs » Rockwills Corporation Pte Ltd
    the Beneficiaries creditors from claiming the Trust assets Read More Since the Discretionary Trust is subject to the discretion of the Trustee in terms of distributions would there be a possibility that the Trustee will abuse such power Highly unlikely since in a Discretionary Trust the Trustee will follow the instructions in Letter of Wishes where Settlor can state down the preferred ways and portions of the distribution of the Trust fund Read More What s a Letter of Wishes It is a written document made by the Settlor and addressed to the Trustee expressing the Settlor s wishes as to how certain aspects of the Trust are to be administered The wishes are however not binding on the Trustee and the Trustee should exercise his independent judgment in deciding whether or not to follow such wishes Read More What kind of Trust should be created to avoid creditors of the Settlor and Beneficiary An Irrevocable Discretionary Trust It protects the Trust property from creditors whether the bankruptcy is that of the Settlor or the Beneficiaries Read More What is the effect of a Trustee s bankruptcy Whatever interest or whatever property a Trustee holds on Trust do not belong to him but to the benefit of the Beneficiaries Therefore in the event of a Trustee s bankruptcy the Trust property will not be vested in the Official Assignee Read More What s the use of a Protector for a Trust A Protector is the person appointed by the Settlor to oversee and give consent to certain actions of Trustee or to perform certain functions stated in the Trustee The Protector acts like a watch dog in the restraint of the Trustee s powers and to safeguard against a Trustee who may become incompetent uninterested or abuse its powers Read

    Original URL path: http://www.rockwills.com.sg/trustee/index.php?mid=15&p=contents-items&id=8&page=5 (2012-12-22)
    Open archived version from archive

  • What is a Trust? » Rockwills Corporation Pte Ltd
    various family members for objectives such as education maintenance retirement medical and for handicapped children Related Articles Who can be the Protector Is having a Protector compulsory for creating a Trust What kind of Trust should be created to avoid creditors of the Settlor and Beneficiary Since the Discretionary Trust is subject to the discretion of the Trustee in terms of distributions would there be a possibility that the Trustee will abuse such power Why would anyone want to create a Discretionary Trust Can a Living Trust and Testamentary Trust be fixed or discretionary What is the difference between the Fixed Trust and Discretionary Trust As long as the Trust is irrevocable it will prevent creditors from claiming Why would the client create an irrevocable Trust and not on a revocable basis Who else can revoke a revocable Trust other than the Settlor After settling a Living Trust can it be cancelled or terminated As my Will has an embedded Testamentary Trust Why would I need another Trust to carry out my instructions What happens if I have put same properties in the Will and in the Living Trust Would marriage revoke a Trust What are the requirements for a valid Trust If a Trust has so many advantages as compared to a Will should we have a Will or a Trust Would the properties under the Testamentary Trust be subjected to the order from the Court regarding the distribution Is the property under the Trust subject to the procedure of grant of probate or letter of administration Would having a Will be sufficient without having a Trust Why do we need the Trust Can the Settlor be a Beneficiary What does the Settlor own after the transfer of title How does it work What does the Trust do At

    Original URL path: http://www.rockwills.com.sg/trustee/index.php?mid=15&p=contents-item&id=19 (2012-12-22)
    Open archived version from archive

  • Who is a Trustee? » Rockwills Corporation Pte Ltd
    of Trust should be created to avoid creditors of the Settlor and Beneficiary Since the Discretionary Trust is subject to the discretion of the Trustee in terms of distributions would there be a possibility that the Trustee will abuse such power Why would anyone want to create a Discretionary Trust Can a Living Trust and Testamentary Trust be fixed or discretionary What is the difference between the Fixed Trust and Discretionary Trust As long as the Trust is irrevocable it will prevent creditors from claiming Why would the client create an irrevocable Trust and not on a revocable basis Who else can revoke a revocable Trust other than the Settlor After settling a Living Trust can it be cancelled or terminated As my Will has an embedded Testamentary Trust Why would I need another Trust to carry out my instructions What happens if I have put same properties in the Will and in the Living Trust Would marriage revoke a Trust What are the requirements for a valid Trust If a Trust has so many advantages as compared to a Will should we have a Will or a Trust Would the properties under the Testamentary Trust be subjected to the order from the Court regarding the distribution Is the property under the Trust subject to the procedure of grant of probate or letter of administration Would having a Will be sufficient without having a Trust Why do we need the Trust Can the Settlor be a Beneficiary What does the Settlor own after the transfer of title How does it work What does the Trust do At what age will my children inherit my property I want to give everything to my children but I may have one or two more children in future Does it mean that I have

    Original URL path: http://www.rockwills.com.sg/trustee/index.php?mid=15&p=contents-item&id=20 (2012-12-22)
    Open archived version from archive