What type of services does Phillip Trustee provide?
A Living Trust is a legal arrangement created during an individual’s lifetime. It allows the Settlor (the person establishing the trust) to transfer their assets into the trust and appoint a Trustee to manage these assets for specific beneficiaries. The Settlor can outline how the assets should be handled both during their lifetime and after death.
- Efficient Asset Management: A Living Trust ensures your assets are managed and distributed according to your instructions, even after your passing. It provides continuous management of your estate, ensuring your beneficiaries receive their share while safeguarding assets from potential legal disputes.
- Asset Protection: An irrevocable Living Trust can provide protection from creditors as the assets transferred into the Trust are no longer legally considered part of the Settlor’s personal estate.
- Avoiding Probate: Unlike a Will, assets held in a Living Trust bypass the lengthy and costly probate process. This allows for a faster and more private transfer of assets directly to your beneficiaries.
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Your feedback is important to us. You can lodge your feedback with us via the online contact form below, email us at customercare@phillip.com.sg, call us at 6531 1555 or write to us at: “Customer Care, 250 North Bridge Road, #06-00, Raffles City Tower, Singapore 179101”
On the receipt of your feedback, we will acknowledge your case with a case reference number within 2 business days followed by a thorough investigation. A resolution shall be communicated to you within 14 business days after the acknowledgement date. Upon 14 business days from the acknowledgement date, if more time is required to resolve your case, we will notify you of the new timeline and provide you with an interim status update accordingly.
Our investigation includes, where applicable, retrieval of all correspondences, files, documents and call records related to your case. Where required, relevant parties may be interviewed. Available evidence will be measured against applicable regulatory requirements and/or internal policies and guidelines.
You may want to approach the Financial Industry Disputes Resolution Centre Ltd (FIDReC) if you feel that your concerns have not been addressed.
On the receipt of your feedback, we will acknowledge your case with a case reference number within 2 business days followed by a thorough investigation. A resolution shall be communicated to you within 14 business days after the acknowledgement date. Upon 14 business days from the acknowledgement date, if more time is required to resolve your case, we will notify you of the new timeline and provide you with an interim status update accordingly.
Our investigation includes, where applicable, retrieval of all correspondences, files, documents and call records related to your case. Where required, relevant parties may be interviewed. Available evidence will be measured against applicable regulatory requirements and/or internal policies and guidelines.
You may want to approach the Financial Industry Disputes Resolution Centre Ltd (FIDReC) if you feel that your concerns have not been addressed.