through life's most challenging moments
About Us
Choosing the right trust company is crucial. FC Wealth Advisory Sdn Bhd is proud to be an appointed trust agency of ZICO Trust (M) Bhd, an independent licensed trustee regulated and governed by SSM under the Trustee Act 1949. At FC Wealth Advisory, we concentrate on three things — you, your family and the generations that follow. We believe each client is unique, and your wealth management strategy should be the same. That is why our services are provided by our professionals with years of wealth management experience, to craft a solution focused on your unique circumstances.
- Inter Vivos Trust
- Will Writing
- Insurance Trust
Providing an array of estate planning services
Inter Vivos Trust is designed to protect wealth and prolong legacies. to protect wealth and prolong legacies.
Insurance trust is designed to protect, preserve and prolong the sum assured of your insurance policies.
A will is a document that details how the testator’s estates are to be distributed upon his passing.
Trust Basics
How Constitutes A Valid Trust?
In order for the Trust to be valid, these are the 3 requirements to fulfil:
-
+Certainty of IntentionThere must be clear intention to create a Trust. The Settlor must clearly express in the Trust Deed that he intends to create a Trust and to transfer his ownership of the property to the Trustee and the Beneficiary respectively.
-
+Certainty of Subject Matter (Asset or Property of the Trust)A Trust is not valid unless it is clear what property forms part of the Trust. The Trustee must be certain about what property is to be held upon the Trust and to what extend each beneficiary is entitled to.
-
+Certainty of the Objects of the Trust (the Beneficiaries)It is essential that the identity of a beneficiary under a Trust should be clearly defined. A Trust is not valid if it has no beneficiaries or if the identity of the beneficiary is uncertain and cannot be ascertained. Beneficiaries can be anyone chosen by the Settlor and may not be related to the Settlor. *
How long can a Trust last in Malaysia?
The Rules against Perpetuity applies to Trust wherein the distribution of assets to Beneficiary cannot occur at too remote a time in the future or accumulation of income for too long a period. In Malaysia, a Trust can continue for a fixed period of up to 80 years specified in the Trust.
Subject to the rule against perpetuities, the duration of a Trust may otherwise determine:
-
1
According to the terms provided in the Trust Deed
-
2
If a Trust is created for period of life time, it is based on the lives in being at the time the Trust is created +21 year
-
3
When all the properties have been distributed to the Beneficiary
-
4
When all the Beneficiary consent to the termination in complete agreement.