Our friend James Woo, in Malaysia, has an excellent video on his website showing how a trust works.
His words:
This is a short video explaining when and how to use a trust as part of writing a Will. The first part is a little funny but I hope you get the point. The later part talks about using a trust in situations where children, parents and other loved ones are involved. It shows you how you can provide for them and protect their interest.
This is also exactly how a trust works in the UK, except we don’t call them coprorate trusts, we have a few different names for them depending upon their task.
To look at the video, click on this website address
http://vitalwills.com/how-to-use-a-trust/
Also, if you have property or assets in Malaysia or are thinking of moving there, please get in touch with James so he can handle your will writing and associated financial affairs. Vice versa, if you’re in Malaysia and thinking of coming to the UK to live or work and gain assets over time, please contact LSUK for United Kingdom professional will writing services.
Filed under: Legal Advice
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