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✅ If a co-owner dies today, can you work with his family to run the business?

✅ Will the co-owner’s family members know how to run the business with you?

✅ Can they work well with you?

✅ Would your beneficiaries be able to get a fair price?

✅ Do you have the funds to buy out the co-owner’s shares/interests from the family members when there is no pre-agreed price in a written agreement?

✅ Can the shares/interests you are purchasing be transferred quickly to you?

Often these are:-

• A new partnership is created due to the inheritance of the shares/interest by inexperienced heirs. Chances are this new partnership may fail.
• There is no pre-agreed price for any sale to take place when the heirs decide to sell to the other co-owners. As a result, it may take years to settle a transaction price.
• Some of the unqualified heirs may insist on being directors of the company and be active in running the business. This may lead to serious disruptions and disputes within management.
• It is possible that the co-owners may decide to abandon the business and start their own due to disputes with the heirs.
• Loss of profits and uncertainty about the business future success.
• After all your hard work in building your business, you need to avoid such problems.

After all your hard work in building your business, you need to avoid such problems.

It covers you for
✅ Breach of your professional duty by reason of any negligent act, error or omission

✅ The cost and expenses incurred with our written consent in the defense or settlement of any claim to which the policy applies

✅ Receive money as one of the beneficiaries during your lifetime should you become critically ill and disabled

✅ Distribute your assets the way you want to as the trust will be customized to fulfil your wishes;

✅ Use your life insurance policy(ies) and/or other assets such as unit trust and money in bank account, to easily set up the trust;

✅ Be assured that the trust assets will be quickly available when you need it for maintenance, medical fees and daily expenses.

Usually, assets that generate income, such as properties that have rental income, listed company shares, insurance policies, unit trust and money in bank accounts are placed into the trust. This would allow the trustee to use the proceeds to pay for the Old age parents expenses for maintenance, education and medical.

✅ Receive money as one of the beneficiaries during your lifetime should you become critically ill and disabled

✅ Distribute your assets the way you want to as the trust will be customized to fulfil your wishes;

✅ Change the distribution terms as your children are growing up to meet their different needs;

✅ Use your life insurance policy(ies) and/or other assets such as unit trust and money in bank account, to easily set up the trust;

✅ Be assured that the trust assets will be quickly available when you need it for maintenance, medical fees and daily expenses.

Usually assets that generate income, such as properties that have rental income, listed company shares, insurance policies, unit trust and moneys in bank accounts are placed into the trust. This would allow the trustee to use the proceeds to pay for the children’s expenses for maintenance, education and medical.

By setting up a Single Parent Trust, it can give you peace of mind knowing that when you are not able to provide financial security to your children, the trust will do so. Our Single Parent Trust is the solution to secure your children’s future.

✅ Receive money as one of the beneficiaries during your lifetime should you become critically ill and disabled

✅ Distribute your assets the way you want to as the trust will be customized to fulfill your wishes

✅ Change the distribution terms as your children are growing up to meet their different needs

✅ Use your life insurance policy(ies) and/or other assets such as unit trust and moneys in bank account, to easily set up the trust

✅ Be assured that the trust assets will be quickly available when you and/or your children need it for maintenance, medical fees and education expenses.

The single parent can ensure what he/she wants is followed to provide regular income to the children for the maintenance, education and medical needs. It ensures the assets are used for the intended purpose for the children.

Usually, assets that generate income, such as properties that have rental income, listed company shares, insurance policies, unit trust and money in bank accounts are placed into the trust. This would allow the trustee to use the proceeds to pay for the children’s expenses for maintenance, education and medical.

During the lifetime of the single parent but before any disability or critical illness, he/she may be the sole beneficiary. However, if the single parent becomes disabled or critically ill during his/her lifetime, then the children be entitled a portion (say 60%) and the remainder to the single parent. Upon the death of the single parent, the children will be the beneficiaries until the end of the trust.

As the children are growing up, the Trust allows the single parent to amend the trust to suit changing circumstances in meeting the single parent’s objectives.