Beginner’s Guide to Choosing Your Best Trusts Lawyers in Singapore
Planning for your estate is a sensible approach to managing and protecting your wealth. A great way to do this is by creating a trust with the best trusts lawyers in Singapore. Your legacy will live on while securing the future of beneficiaries, heirs, or charities you select.
Singapore is famous as an international commercial hub with one of the best legal frameworks and governance globally. It is also a nation where the term ‘millionaire oasis’ is apt, continuing to attract the attention of the affluent. Whether it is a Singapore Foreign Trust or a private family one, the law and administration are seamless. There are extensive benefits and protections in place to ensure that Singapore remains their top choice.
In our concise guide, you’ll find a succinct explanation of trusts and the attorneys specialising in them. The guide also looks at the benefits that engaging a trusts lawyer will bestow upon all parties. We round it up with a Top 10 list of some of the best legal practitioners in Singapore. These trusts attorneys are ready to secure your interests and assist with estate planning.
What Are Trusts Lawyers?
Trusts are versatile legal instruments that establish a fiduciary arrangement to manage wealth, funds, inheritances, etc. In a trust, the trustee holds the assets (a legal title) on behalf of the beneficiaries (an equitable title). Assets can be real estate and jewellery, bank accounts and funds, investment portfolios and stocks, etc. The trust instrument specifies its management, including when and how assets or wealth pass on to the beneficiaries.
Trusts lawyers specialise in creating trust instruments, which are an ideal solution, especially for large or complex estates. Such attorneys provide the following services:
- Explain the trusts process and the types of trusts
- Deal with the paperwork for trust creation
- Draft the trust instrument documentation
- Administration and distribution of the trust
- Powers of attorney
- Assisting the trustee in navigating the legal requirements
- Litigation in the event of dispute or contention of the trust
Trusts are an excellent way to secure generational wealth, avoid probate, reduce tax liability, safeguard assets against creditors, etc. Under Singapore’s Trustees Act, trustees can be a corporate entity or any person you trust, such as a solicitor. It is also possible, and currently in style, to hire a Private Trust Company to manage the trust.
Singapore has the following type of trusts, amongst others:
- Living Trusts
- Revocable or Irrevocable Trusts
- Charitable Trusts
- Discretionary or Testamentary Trusts
- Private Family Trusts
- Singapore Foreign Trusts
- Investment Fund Trusts
Why Do You Need Trusts Lawyers?
As a fiduciary and legal instrument, a trust is an excellent tool in any wealth or estate planning strategy. Singapore law does not require registration of trusts; a settlor can set one up by writing a will. It’s also possible to create a trust by signing a declaration or deed expressing your intent to establish one. Seems straightforward, but the devil is in the details, and that means the legal language needs to be precise.
Trusts are complex, usually involving substantial wealth and catering for long-term investment and administration strategies. Ambiguities in the legal wording can create loopholes that open up the trust for exploitation. There’s no guarantee that beneficiaries or heirs won’t contest its terms or that a ‘trustee’ proves untrustworthy. Any number of things can go wrong, but a good lawyer will be able to nip this in the bud.
The best trusts lawyers in Singapore have the skill, expertise, and experience to curtail unnecessary challenges arising from poor wording. The more complex or conditional the trust, the more crucial it is to get a good attorney on board. A reliable attorney will use their knowledge of the law to create the kind of trust you want. Trusts lawyers also assist trustees with properly administrating the trust, maintaining its legitimacy, and handling disputes where necessary.
Good trusts attorneys work with you to create a precise legal instrument that achieves your intent seamlessly. They’ll guide you through tax concerns, advise on the best type of trust, and handle all the paperwork and filings. Perhaps most importantly, they will also legitimately transfer assets into the trust, avoiding legal discrepancies and uncertainties. The value and work that legal professionals provide ensure the best financial protection for all parties.
Where Should I Find the Best Trusts Lawyers in Singapore?
Foreign and local investors, businesses, residents, and citizens consider Singapore the choice location to set up trusts. Assets and legacies get the best protection, administration, and management available under a legal framework that is dynamic and secure. As part of the estate planning process, trusts will continue to play a crucial role in our modern world.
Our Top 10 lists the best trusts lawyers in Singapore who are industry leaders in their field of practice. All their clients get excellent legal counsel from attorneys with proven track records of excellence. These legal professionals prioritise your vision, secure your interests, and ensure that the whole process is hassle-free. A client-first approach also guarantees that they are great communicators capable of handling your case with discretion and expertise.
Here are the Top 10 Trusts Lawyers in Singapore
Elite Legacy Planning
| Company Name: | Elite Legacy Planning |
| Website: | https://www.elitelegacyplanning.sg/ |
| Email Address: | co*******@el*****************.sg |
| Address: | 10 Anson Rd., #06-17 International Plaza, Singapore, 079903 |
| Operating Hours: | Monday to Friday: 9 am to 5 pm |
Fortiswills Pte Ltd
| Company Name: | Fortiswills Pte Ltd |
| Website: | https://www.fortiswills.com.sg/ |
| Email Address: | en*******@fo*********.sg |
| Address: | 8 Eu Tong Sen St, #23-92 The Central, Singapore 059818 |
| Operating Hours: | Monday to Friday: 9 am to 6 pm |
Loh Eben Ong
| Company Name: | Loh Eben Ong |
| Website: | https://law.com.sg/ |
| Email Address: | in**@la*.sg |
| Address: | 135, #05-11 Middle Rd, Bylands Building, Singapore 188975 |
| Operating Hours: | Monday to Friday: 9:00 am – 6:00 pm Closed on Eves of Major Public Holidays |
JT Legal LLC
| Company Name: | JT Legal LLC |
| Website: | https://law.com.sg/ |
| Email Address: | in**@la*.sg |
| Address: | 12 Marina Blvd, Tower 3 #17-01 Marina Bay Financial Centre, Singapore 018982 |
| Operating Hours: | Monday-Friday: 9:30 am – 6:30 pm |
Silvestre Legal LLC
| Company Name: | Silvestre Legal LLC |
| Website: | https://silvesterlegal.com/ |
| Email Address: | in**@si************.com |
| Address: | 1 North Bridge Rd, #14-10 High Street Centre, Singapore 179094 |
| Operating Hours: | Monday-Friday: 9AM-5PM |
Phoenix Wills
| Company Name: | Phoenix Wills |
| Website: | https://silvesterlegal.com/ |
| Email Address: | in*****@ph***********.com |
| Address: | 63 Robinson Rd, Afro-Asia, Singapore 068894 |
| Operating Hours: | Monday-Friday: 9:30 AM-5:30 PM |
Wee Swee Teow LLP
| Company Name: | Wee Swee Teow LLP |
| Website: | https://wst.com.sg/ |
| Email Address: | co*****@ws*.sg |
| Address: | 491B River Valley Rd, #10-03/04 Valley Point, Singapore 248373 |
| Operating Hours: | Monday-Friday: 9:00 AM-6:00 PM |
Darshan & Teo LLP
| Company Name: | Darshan & Teo LLP |
| Website: | https://wst.com.sg/ |
| Email Address: | en*******@da*****.sg |
| Address: | 1 North Bridge Rd, #17-06 High Street Centre, Singapore 179094 |
| Operating Hours: | Monday-Friday: 9:00 AM-7:00 PM |
JS Law Chambers
| Company Name: | JS Law Chambers |
| Website: | https://www.jslaw.sg/ |
| Email Address: | ju**@js***.sg / sh****@js***.sg |
| Address: | 18 Cross Street, Cross Street Exchange, #02-101 Singapore 048423 |
| Operating Hours: | Monday-Friday: 9:00 AM-6:00 PM |
A Rohim Noor
| Company Name: | A Rohim Noor |
| Website: | https://www.arohimnoorlila.com/ |
| Email Address: | ar****@ar************.com |
| Address: | 111 North Bridge Rd, #29-01 Peninsula Plaza, Singapore 179098 |
| Operating Hours: | Monday-Friday: 9:00 AM-6:00 PM |
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