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Why should you consider setting up a TRUST?

Updated: Dec 30, 2021


It used to be that only the well-heeled and ultra-high net worth individuals set up family trusts for their complex family and business structures. That is no longer the case today. More and more people are setting up their own trusts to protect their hard-earned cash and assets from third parties, such as potential creditors or rouge family members. Apart from seeking asset protection, there are many other reasons why people set up a trust. Below are some of the common reasons given by our clients:

  • Succession planning

  • Confidentiality

  • Avoiding lengthy probate processes

  • Minors as beneficiaries

  • Vulnerable beneficiaries

  • Second or third families

  • Consolidation of assets

  • Tax planning

  • Ease of administration

Trusts are created to provide additional protection for the assets of the settlor (the person who created the trust), to ensure that those assets are managed and distributed according to the settlor’s wishes. By appointing a professional trustee such as a licensed trust company, a settlor can have peace of mind that their wishes as to how and when their assets will be passed on to their next generations will be followed.


Singapore is known for its safe and efficient rule of law with up-to-date regulatory and compliance systems. It is one of the main reasons why it has become a popular destination for establishments of trusts.


Regulated by the Monetary Authority of Singapore (MAS), WATIGA TRUST holds a Trust Business License and is also an Approved Trustee for Collective Investment Schemes (CIS). WATIGA TRUST is a member of the Singapore Trustees Association (STA) and the Institute of Banking and Finance Singapore (IBF).


In addition to private trusts, WATIGA TRUST administers many corporate trusts for private and listed companies, including investment trusts and employee share ownership trusts, and acts as trustee of charitable trusts for philanthropic purposes.


WATIGA TRUST LTD

138 Arab Street, Singapore 199826

office@watiga.com