Control and Flexible use of Trust
UniTrust Global, as the trustee, will allocate trust assets to beneficiaries in accordance with the wishes of the settlor, including any time and conditions imposed. The trust can be used for payment of daily living expenses such as bill payment, property rental, car repayment and credit card repayment. The trustee can withdraw funds from the trust account as instructed by the settlor to support families in need or to meet medical and other emergency expenses.
A UniTrust Global trust account can centralize all your assets and provide full function services, which even banks may not be able to offer. Most banking institutions do not support transactions with/on or accept custody of precious metal, large cash amounts or overseas assets. We have a dedicated team of relationship managers with professional qualifications, solid investment and financial knowledge to provide wealth management solutions tailored to your personal needs. With a global team of experts, we can provide a comprehensive solution to support your daily financial needs and cross-border financial requirements.
The trust account can safekeep different assets including cash, stocks, private company shares, insurance policies, precious metals, property and vehicles. Customers will also obtain a personal Asset Link Mastercard credit card. The credit card limit is based on the market value of the assets under the trust account and there is no limit to the amount of credit.
Simply using a single login to our trust platform, you can enjoy cross-regional cross-banking services and a world of investment opportunities.
A well-established trust protects your wealth and holds your assets through the trust to effectively avoid future claims by creditors. Trust also allows you to protect inherited assets from being squandered by family members, provide life protection for current or future generations of minor or disabled members. By leveraging our network of multijurisdictional banking class partners, a trust can also protect your assets in times of political instability. We can also assist you on business inheritance arrangements.
Most advanced jurisdictions have banking deposit protection program in place, adding in an extra level of security for our customers.
Protection of privacy
The identity of you and the ultimate beneficiary of the trust is highly confidential, keeping the potential of any assets being frozen to a minimum. It can protect the family assets from creditors or other claimants.
Trusts are internationally recognized tax planning tools. Under a robust legal framework and the protection of the laws of Hong Kong, the trust can minimize the tax burden of heirs.
Protect young beneficiaries
If your loved ones are young or do not have the ability to manage their wealth, the trust can properly manage the trust assets for them and use them to cover the living expenses of the beneficiaries.
Exemption from probate requirements
Assets under the name of the trust are managed by the trustee and therefore not part of the settlor estate. Setting up a trust ensures that assets can be distributed quickly and efficiently to your designated beneficiaries without having to go through lengthy and expensive probate court proceedings. In other words, you give legal ownership of the assets to the trustee, and the beneficiary has beneficial ownership.
By setting up a trust, you can help your family assets pass on from generation to generation or ensure your family business is sustainable.
Trust legislation follows the common law of the United Kingdom and has a history of more than 100 years. Private trust account combined with the traditional banking and the emerging financial services concepts, has become the hottest choice of asset management today. Trust accounts can provide a high degree of privacy and asset appreciation, assets are absolutely protected. Hong Kong has many advantages so that the trust account plays its unique functions including low tax system, US dollar linked exchange rate, high regulatory environment, free access to funds in and out of Hong Kong and a variety of favourable factors have accelerated the rapid growth of the trust account. The trust account is clearly a time-bound financial choice.