TRUST SERVICES
Living Trust
Offers a flexible safeguard during your lifetime—allowing you to manage your wealth today while a trusted backup steps in when needed.
What is a living trust?
- A living trust (also known as an inter vivos trust) is a legal arrangement that allows you to manage your assets during your lifetime and ensures their smooth, private transfer after your passing, often bypassing the traditional probate process.
- Unlike a Will, which only becomes effective upon death, a living trust is dynamic and operates from the moment is it created and funded.
- A living trust is one of the most popular estate planning tools worldwide, including in Hong Kong.
SIMPLE LIVING TRUST FLOW DIAGRAM
What are the benefits?
Continuity and seamless transition
Can appoint a successor trustee to take over management upon incapacitation or death
Long-term care funding
Can authorise the payment of bills (medical care, nursing home fees etc.) directly from the trust account
Avoids the probate process
Saves time, money, and keeps matters private
Flexible control
You retain complete control of the trust during your life (if revocable)
Peace of mind
You decide how your money should be used and can appoint a professional trustee to manage your financial affairs
Who should consider a living trust?
