Trust is a legal arrangement where an
individual named as trustee holds and manages assets for the benefit of the
beneficiaries. Under the Philippine Law, the concept of trust plays a
significant role in wealth management, and it is governed by the Civil Code. .
There are different types of trusts that can be established
in the Philippines, including:
These trusts are established during the
lifetime of the settlor and are typically used for estate planning purposes.
These trusts are established through a
person's will and take effect upon their death.
These trusts are established for
charitable purposes, such as to support educational institutions, religious
organizations, or other non-profit entities.
Creating a trust in the Philippines involves
professional guidance and careful planning. It offers flexibility, security,
and tax advantages. Having an adequate understanding of Philippine Trust is
essential whether you are protecting your assets or your business.
Setting up an appointment with our professional
and expert attorneys will ensure that your trust is structured to meet your
unique needs and objectives. Our expert attorneys are always ready to guide you
through the intricates of Philippine Trust.
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