This trust is specifically set up for the sole purpose that your assets (whatever they may be) which are held on trust are to be distributed to your beneficiaries in the event an unfortunate event were to occur. This trust is created during your lifetime and once your assets have been transferred into the trust, the legal title is then vested with the trustee (a trusted person chosen by you) whose duty is only to distribute the assets according to the terms stipulated in the trust deed. For example, A appoints B as trustee to hold X property on trust for C. When A passes away, B’s duty will only be to pass X property to C.

These assets that you have set aside will not form part of your estate. Therefore, in the event the unexpected were to occur, your beneficiaries can be assured that they will receive the trust property without the delay of having to wait for the grant of probate or letter of administration, as the case may be. Our Asset Distribution Trust is commonly used by business owners for business succession planning to ensure the smooth running of their company as well as other individuals who wish to pass on certain family assets to their loved ones without delay.