You can customise how and when each person receives their share using the following features:
| Condition | Description |
| 1. Lump sum upon milestone event | Pay a one-time fixed amount when a life event occurs (e.g., marriage, graduation). |
| 2. Lump sum at a specific age | Pay a one-time fixed amount when the beneficiary reaches a certain age. |
| 3. Regular periodic payments | Pay a recurring amount monthly, quarterly, or yearly between two specified ages. |
| 4. HEMS Payouts | Pay for Health, Education, Maintenance, and Support costs as they arise. |
| 5. Pay remaining share at a set age (Compulsory) | Release the full remaining balance when the beneficiary reaches a final designated age. |
Note: Payments to any beneficiary will automatically cease upon their demise or upon the full utilisation of their presumptive share, whichever happens earlier.
What happens if my beneficiary passes away before receiving their full share?
You have full control over where the remaining funds go. You can choose to:
- Allow the remaining benefit to form part of the deceased beneficiary’s estate, OR
- Direct the remaining benefit to be given to the beneficiary’s surviving children.
Note: You can also select a substitute beneficiary and apply these same two options to them should the primary beneficiary pass away.
What powers does my Trustee have over the trust funds?
To keep things transparent and straightforward, every Testamentary Trust includes a standard clause granting your Trustee the following administrative powers:
- Low-Risk Investments: The Trustee can deposit trust monies into fixed deposits with financial institutions or invest them in low-risk options. Any interest, profits, or dividends earned will be added to the respective beneficiary's share.
- Asset Liquidation: The Trustee has the power to sell or convert any mentioned movable assets into cash, with the net proceeds added directly to the beneficiary's share.
- Dispute Resolution: In the event of any dispute or ambiguity regarding distributions or conditions, the Trustee holds the final authority to decide the outcome in a manner they deem fit, and their decision is final and binding.