Since 2008, Precepts Trustee Ltd. (previously known as Rockwills Trustee Ltd) is licensed with the Monetary Authority of Singapore (MAS) to provide Trust services which comprises acting as trustee, providing trust administration services as well as the setting up of trusts in Singapore
Trust structuring is highly bespoke and can apply in many circumstances, from a simple declaration of trust over an asset like company shares to complex structures involving trusteeship of highly valuable assets situated in several jurisdictions.
Setting up a trust is important to many Singaporean business owners and families to ensure their legacy plans are being carried out accordingly. We are licensed to serve as a Professional Trustee to look after our clients’ monies and ensure the assets are distributed to their chosen beneficiaries in a manner our clients have planned for.
Our Trust clients also include families who are not served by public trustee due to their estate sizes.
Family harmony is always at the heart of estate and succession planning as it protects vulnerable beneficiaries. Precepts Trustee Ltd offers a variety of highly customised Trust solutions to meet the differing family needs of our clients. Setting
up a Family Trust can protect your hard earned monies from fraudsters and scammers targeting the elderly as well as provide financial security for your loved
ones upon reaching an appropriate age. In some instances, special needs beneficiaries are the primary concerns of our clients.
With our Financial Assets Trusts, clients can be assured that their assets are safeguarded for only times of needs. Taking into account Life insurance policies funded through a life, endowment or term insurance plan, we assist in structuring a trust to protect assets against liabilities by beneficiaries. By setting up a Financial Assets Trust, clients can not only name multiple layers of beneficiaries, they can also ensure that assets will be used exclusively for the intended beneficiaries, protected from creditors
Standby Trusts are a popular solution for clients who do not want to put in a
significant capital into the Trust as yet but would like to establish a system that
remains passive while the clients are alive and not mentally incapacitated. It is a
trust where clients still remain in complete control of the assets, including its
liquidity, until the triggering event of death or mental incapacity happens. Our
Standby Trusts provide affordable yet flexible and dynamic succession planning.
Setting up a Property Trust is a solution for clients who want to purchase another
property for their minor beneficiaries using cash. Another instance where clients
require such structure is when they are not comfortable with 'decoupling'. With the right trust structure, application of stamp duty will be assessed based on beneficiaries' profile.
The growing affluence and economic progress bring about a new era of generosity
to give back to society. Philanthropy is increasingly a part of life as Singapore is now
ranked seventh in the World Giving Index 2018. Our clients can now set up a
Charitable Trust/ philanthropic structures so that their chosen charity organisation(s)
will continue to receive support over a long period of time or even in perpetual.
Philanthropic structures such as a foundation can also be set up. Grow your legacy
through long-term charity contributions from your assets.
For clients who prefer not to transfer the ownership of assets to the Trustee (as in
the case of a traditional trust), Precepts Trustee Ltd. can also assist in setting up a
special purpose vehicle called a Private Trust Company (PTC) where family members
can be the shareholders as well as the directors to maintain direct control over trust
assets.
We are dedicated to providing individualised attention for clients who require
multiple types of bespoke Trust solutions tailored to end at certain point of time.
This entails thoughtful structuring taking into account multiple assets, including
family businesses, located at various jurisdictions planned with the consideration of
multiple generations who may be ‘global citizens’.
Clients who appoint Precepts Trustee Ltd enjoy the certainty that their intentions in
management and distribution of assets are carried out according to instructions
stated in their Wills. Appointing us can also free your loved ones from the hassle of
administrative obligations during times of distress. Clients and their loved ones enjoy a peace of mind of our expertise as we have been appointed as Executor for more than 5 500 Wills.
Beneficiaries or executors (either with or without a Will) who face challenges of
being an administrator of estate and would prefer for a professional to take over the
duties can appoint Precepts Trustee Ltd to do so. Our strength lies in the combined
experience of our management and staff in conducting executorship and Estate
Administration with integrity and utmost care.
Clients who are business owners or are shareholders of companies can protect the
value of business from disruptions through our unique Buy-Sell Trusts. Through this
structure, our clients are assured of efficient transition of business to other co-
owner(s) without compromising on the value of shares. A well-constructed plan is
essential to protect the value of the business and provide cash for the loved ones in
the event of a major disruption in the business such as owners’ death and mental
incapacity.
As part of our Corporate Trust Services, we provide Escrow services to hold monies
and deposits in corporate transactions. This arrangement provides the assurance of
successful transaction for both parties. With our custodial arrangement, we can hold
assets on status quo until further instructions.
Beneficiaries or executors (either with or without a Will) who face challenges of
being an administrator of estate and would prefer for a professional to take over the
duties can appoint Precepts Trustee Ltd to do so. Our strength lies in the combined
experience of our management and staff in conducting executorship and Estate
Administration with integrity and utmost care.
Wills are one of the foundational instruments in a Legacy Plan. Honed with the experience of writing more than 15, 000 Wills, as well as handing complex Estate Administration cases, we combine both legal knowledge and practicalities into our service offerings.
We assist to set up a company in various territories around the world and provide exceptional company secretarial services. We have more than 1500 satisfied clients regionally and have a wide network for you to build a business ecosystem.
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We are dedicated to provide comprehensive planning and solutions for wealth distribution, wealth succession, estate administration for individuals and families.
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