|Trust and fiduciary: Your long-term solution
To ensure that we keep pace with the fast changing regulatory environment, UBS Wealth Planning has been reviewing its trust and fiduciary services solutions. Over the past two years, UBS invested heavily in developing knowledge as well as reliable and sustainable solutions for 40 key markets, including nine in the Asia Pacific region. These solutions seek to provide clients with peace of mind from knowing that they are not creating problems for themselves, their family or other beneficiaries through inadequate wealth planning. The constituted efficient structure means that assets are protected throughout the recipient’s lifetime and ensures a safe and orderly passage to the next generation.
“We have put our clients and their families at the center of everything we do. By understanding their long term goals, and the complex tax and regulatory environment which impacts them, we are now even better positioned to provide the support they demand,” says Kathryn Shih, CEO Wealth Management APAC.
Trusts have been used for succession and estate planning for hundreds of years. Under a trust, the owner of assets, known as “the settlor”, transfers wealth to a trustee to hold and administer for named beneficiaries, who may be individuals, organizations or even the settlor. Trusts offer a wide range of options, are highly flexible and can be tailored to a family’s present and future needs.
Investment control over trust assets can be structured in a number of ways. UBS can manage the assets under one of its discretionary programs, the settlor can appoint an investment manager or, depending on the country of residence, there can be the opportunity for a settlor to directly manage themselves. Whatever the decision, the trust assets can be held by UBS trustees for the benefit of the beneficiaries.
UBS administered trusts are available as estate planning solutions for residents of Singapore, Hong Kong and other countries in the APAC region. For more information, please contact your client advisor or UBS representative.