Estate Trust Services
Estate Trust is a specialised trust solution offered by Mega Trustee Berhad designed to ensure a smooth and timely administration of your estate after your passing. This trust is established during your lifetime, with funds set aside specifically to cover the cost and expenses associated with administering your estate—such as legal fees, taxes, and other related obligations.
By setting up an Estate Trust, you ensure that your loved ones are not burdened with out-of-pocket costs or delays in gaining access to your estate. Mega Trustee Berhad, as the appointed trustee, will manage and disburse the trust funds strictly for estate administration purposes, in accordance with your instructions and applicable laws.
With Estate Trust, you take a proactive step in estate planning—minimising complications, reducing delays, and providing financial certainty when it matters most.
- Established during lifetime for immediate availability upon passing
- Protection for loved ones from financial strain
- Dedicated fund for estate administration expenses
- Minimizes complications and reduces delays in estate settlement
- Provides financial certainty during a challenging time
How Our Estate Trust Service Works
Established During Lifetime
The trust is created while the settlor is still alive, ensuring that funds are readily available upon their passing.
Protection for Loved Ones
Prevent financial strain on beneficiaries who might otherwise need to cover estate-related costs upfront.
Dedicated Fund for Estate Administration
Funds are set aside specifically to cover costs related to probate, legal fees, taxes, and other estate administration expenses.
Key Features of Estate Trust
Our Estate Trust offers the following key features:
- Established During Lifetime: The trust is created while you're still alive, ensuring funds are readily available upon your passing.
- Protection for Loved Ones: Prevents financial strain on beneficiaries who might otherwise need to cover estate-related costs upfront.
- Dedicated Fund for Estate Administration: Funds are set aside specifically to cover costs related to probate, legal fees, taxes, and other estate administration expenses.
- Customizable Instructions: You can provide specific instructions on how the trust funds should be used for estate administration.
- Professional Management: As the appointed trustee, Mega Trustee Berhad manages and disburses the trust funds in accordance with your instructions and applicable laws.
- Potential Tax Benefits: May offer tax advantages depending on your specific situation (consult with a tax professional for personalized advice).
- Peace of Mind: Provides assurance that your estate will be settled efficiently without burdening your loved ones.
Frequently Asked Questions
An Estate Trust is a specialized trust set up during your lifetime to cover costs associated with administering your estate after your passing. It ensures that funds are readily available to handle expenses like legal fees, taxes, and other obligations, preventing delays and financial burdens on your beneficiaries.
While a will outlines how your assets should be distributed, an Estate Trust specifically sets aside funds to cover the costs of administering your estate. This ensures that your beneficiaries receive their inheritance without having to pay out-of-pocket for estate-related expenses or wait for asset sales to cover these costs.
The amount to place in an Estate Trust depends on various factors, including the complexity of your estate, potential tax liabilities, and anticipated administrative costs. Our team can help you estimate an appropriate amount based on your specific situation, ensuring sufficient funds are available without over-allocating resources.
Yes, in most cases, you can modify your Estate Trust during your lifetime. This flexibility allows you to adjust the trust as your circumstances change. However, the specific terms for modifications should be outlined in the trust document. Our team can guide you through any necessary changes to ensure your Estate Trust continues to meet your needs.
