Chapter 7- Wealth Transfer And Succession Planning For PB Clients Flashcards
1
Q
Do trusts protect the beneficiaries of trust from the forced heir ship rules of the settlor’s domice?
A
Yes trusts in jurisdictions like Singapore allow for that.
2
Q
What are inter Vivos trust?
A
Inter vivos trust is a fiduciary relationship used in estate planning during the life time of a trust or. AKA a living trust, this trust has duration which is determined at the trust’s creation and can entail the distribution of assets to beneficiary during or after the trustor’s lifetime.
