In our last week’s article, we explored the case study of Mr. Lim and Mrs. Lim, highlighting how a testamentary trust can minimize family disputes over inheritance and ensure a smooth transfer of assets in accordance with Malaysian law.
So this week, we want to discuss another scenario involving Mr. Soh and Mrs. Soh. They have one son, Allan, who has shown a tendency to spend money irresponsibly. They are concerned about leaving a large inheritance to Allan, fearing he may squander it quickly and be left without financial security.
In a simple will,
Mr. and Mrs. Soh could leave their entire directly to Allan. However, this approach poses significant risks given Allan’s spendthrift tendencies. There is no mechanism in place to control how Allan uses the inheritance, potentially leading to financial mismanagement and the depletion of assets.
To address their concerns, Mr. and Mrs. Soh decide to set up a testamentary trust instead of relying solely on a will.
They may appoint a professional trustee or a trustee company who will manage the trust according to specific instruction outlined in the trust document. The trust can include provisions such as:
- Providing Allan with a monthly maintenance
- Providing other special allowance in specific occasion
Benefits of setting up a testamentary trust for a spendthrift beneficiary:
Financial protection and long-term security: A testamentary trust provides structed financial support for Allan while protecting the principal amount from being spent recklessly. By controlling disbursements, the trust ensures that Allan’s basic needs are met while preserving funds for his future.
Professional Oversight: The appointment of a professional trustee ensures that Allan’s inheritance is managed by someone with expertise in financial management. This reduces the risk of mismanagement and enhances the potential for long-term asset growth.
For families like Mr. and Mrs. Soh, a testamentary trust offers a crucial solution to protect assets for a spendthrift beneficiary. By encouraging financial discipline, ensuring long-term security and protecting the inheritance from mismanagement, a testamentary trust aligns with the parents’ wishes and secures the beneficiary’s future.
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如何通过遗嘱信托更好地保障孩子的未来？- 第二部分
在上周的文章中，我们探讨了林先生和林太太的情况，也了解了遗嘱信托如何能够减少家庭在遗产问题上的争议，也解释了如果根据马来西亚法律来顺利转移资产给受益人。
因此在这周我们想要来讨论另外一个情况。苏先生和苏太太有一个儿子Allan，他花钱非常大手大脚。他们夫妻担心如果将大笔遗产留给Allan，他可能会在短时间就挥霍完全部的资产。
在遗嘱中，
苏先生和苏太太可以将全部的资产直接留给Allan。但是考虑到Allan乱花钱的习惯，这样的方式有很大的风险。这样没办法控制Allan如何使用留给他的资产，可能会导致他财务管理不善，短时间让资产耗尽。
为了解决这些问题，苏先生和苏太太决定设立遗嘱信托。
他们可以委任个人受托人或者信托公司来根据信托里的具体指示来管理信托。信托里可以包括以下的条款：
- 为Allan提供每个月的生活费
- 在特定节日提供其他特别的津贴
设立遗嘱信托为不会管理资产的受益人带来了以下的好处：
- 保护财务和永续传承：遗嘱信托为Allan提供了有组织的财务规划，同时保护资产不会被随便地挥霍。通过控制资产的支出，信托可以确保Allan的基本生活需要被满足，也可以保留一定的资金以备将来使用。
- 专业监督：委任的专业受托人可以确保Allan的资产由具有财务管理专业知识的人来管理。这减少了管理不善的风险。
对于像苏先生和苏太太这样担心自己的孩子财务管理的家庭来说，设立遗嘱信托给予了一个重要的解决方案。这样可以让资产被妥善使用，也可以让父母的意愿被执行，同时间又确保了受益人的未来。
