Setting up a Singapore Private Trust Company is where the family is operating a business and will like to continuous succession planning. This can be achieved through a Singapore Private Trust company Structure where the family members are involved in management of the family trusts for several generations.
Features of the Singapore Private Trust Company (SPTC)
- In the SPTC, the settlor might be more comfortable where his assets are being transferred to a special purpose vehicle where it is his family members that are the owners or the legal shareholders
- The Shareholders can be the same people as the beneficiaries.
- The beneficiaries can be the same people as the trustee