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Trust Products (Amanah)

A trust (amanah) is an arrangement in which a trustee holds and manages assets for your chosen beneficiaries according to a trust deed. As a CNB Amanah advisor, Vivien Cheah Kit Wan of VL Legacy Solutions helps families set up trusts such as MyTrustbyCNB, including arrangements that protect children under 18.

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Who this is for

  • Parents who want money for young children managed responsibly until they grow up
  • Families who want savings or insurance payouts released in stages rather than as a lump sum
  • Families caring for a dependant with special needs
  • Anyone who wants funds available to the family quickly, outside the usual estate process

What you'll need

  • Your identity card
  • Identity cards or birth certificates of your beneficiaries
  • Details of the assets or insurance policies to be placed in trust
  • Your distribution wishes, for example monthly allowances or education costs

This is a general list. VL Legacy Solutions will confirm exactly what your case needs.

How we help

  1. Understand your goals

    We discuss who you want to protect and how and when they should receive support.

  2. Choose the trust

    We explain suitable trust products, such as MyTrustbyCNB, including their fees and terms.

  3. Prepare the trust deed

    We help you complete the trust deed with your beneficiaries, distribution instructions and guardians.

  4. Fund the trust

    We guide you in placing cash, insurance proceeds or other assets into the trust.

  5. Review

    We review the arrangement with you as your family's needs change.

Frequently asked questions

What is MyTrustbyCNB?

MyTrustbyCNB is a trust product offered through CNB. It lets you place assets or insurance proceeds in a trust managed by a professional trustee according to your instructions. Vivien Cheah Kit Wan of VL Legacy Solutions is a CNB Amanah advisor and can explain how it works and whether it suits your family.

Why use a trust for children under 18?

Children under 18 cannot manage large sums of money themselves. A trust lets a professional trustee hold the money and release it for education, living costs or other purposes you choose, so the funds are used as you intended.

Do I still need a will if I have a trust?

Usually, yes. A trust only covers the assets placed in it. A will deals with everything else, names an executor and can appoint a guardian for your children, so the two work best together.

Talk to VL Legacy Solutions

Tell us a little about your situation on WhatsApp. Vivien will reply personally and explain the next steps.

WhatsApp Us Call 016-521 5890

Contact

Send an enquiry

Fill in the form and VL Legacy Solutions will get back to you, usually within one working day.

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