SINGAPORE, December 15 – Legacy Trustee Ltd, a prominent Asian private trustee, has entered into a Memorandum of Understanding (MoU) with distinguished financial institutions and organizations in Labuan International Business and Finance Centre (Labuan IBFC). The collaboration includes Alpine Advisory Sdn. Bhd, AMS Trust Company Limited, UOB Kay Hian Wealth Advisors Sdn. Bhd., and others. Through this partnership, Legacy Trustee aims to deliver an integrated wealth preservation plan, aligning interests for settlors and beneficiaries.*
The wealth management strategy involves meticulous financial asset management, encompassing goals from retirement savings to securing assets for future generations. Trusts play a crucial role in achieving various wealth management objectives by offering flexibility in financial planning, asset growth, and preservation. Assets placed in trusts are insulated from traditional estate distribution, proving advantageous for high-net-worth individuals with intricate succession planning needs.
Labuan IBFC, a leading international financial center, is recognized for its diverse financial products and services. Legacy Trustee, in collaboration with Bank Islam Trust Company (Labuan) Ltd, aims to introduce innovative Labuan Foundations structures for high-net-worth individuals and families. The MoU underscores Legacy Trustee’s commitment to advancing wealth management, estate planning, and fostering cross-financial institutional collaborations in the evolving digital era.
