Best Trusts Lawyers in Toa Payoh

Share your needs with us, get contacted by law firms.

Free. Takes 2 min.

I.R.B. LAW LLP
Toa Payoh, Singapore

Founded in 2012
100 people in their team
English
Chinese
Malay
Tamil
Hindi
I.R.B Law LLP was founded with a vision to build a law firm that delivers effective and efficient legal services to everyone, from the man on the street to large corporations. IRB Law now has over 50 employees, allowing us to maintain a highly personalised level of service, whilst enabling us to...
AS SEEN ON

Singapore Trusts Legal Questions answered by Lawyers

Browse our 1 legal question about Trusts in Singapore and the lawyer answers, or ask your own questions for free.

deed poll
Elder Law
Trusts
Legal Document
Hello. Our charges for Deed Poll is SGD 70.00.

About Trusts Law in Toa Payoh, Singapore

A trust is a legal arrangement where one person (the 'trustee') holds and manages assets for the benefit of others (the 'beneficiaries'). Singapore, including Toa Payoh, recognizes several types of trusts such as family trusts, charitable trusts, and testamentary trusts. The laws governing trusts are complex and are mainly based on the Trustees Act and the Trust Companies Act. Understanding these laws and regulations can help ensure clarity in your personal or business financial arrangements.

Why You May Need a Lawyer

Whether you are setting up a trust, administering trust assets, dealing with trust disputes, or understanding your legal rights as a beneficiary, you may need a lawyer with expertise in trusts law. A lawyer can explain complex legal concepts, ensure compliance with laws and regulations, and help you resolve trust-related controversies. Professional legal assistance can be particularly helpful in protecting your financial interests and preventing potential legal issues.

Local Laws Overview

In Toa Payoh, Singapore, trusts are chiefly governed by the Trustees Act and the Trust Companies Act. The Trustees Act sets forth the duties, powers, and limits of the trustees. It prescribes how trusts should be administered and managed. On the other hand, the Trust Companies Act governs the operations of trust companies providing professional trustee services. Singapore law also insists that trust assets should be kept separate from the trustees' assets to safeguard the beneficiaries' interests.

Frequently Asked Questions

What is a trust?

A trust is a legal arrangement where a person (trustee) holds and manages assets for the benefit of others (beneficiaries).

What are the types of trusts in Singapore?

There are several types of trusts including family trusts, charitable trusts, and testamentary trusts.

What laws govern trusts in Singapore?

Trusts are primarily governed by the Trustees Act and the Trust Companies Act in Singapore.

Why might I need a trusts lawyer?

You might need a trusts lawyer to help with setting up a trust, understanding your rights as a beneficiary, resolving trust disputes, or administering trust assets.

Do trust assets need to be kept separate from the trustee's personal assets?

Yes, under Singapore law, trust assets must be kept separate from the trustee's personal assets.

Additional Resources

In Singapore, the Regulatory Authority of Singapore (MAS) supervises trust companies. Meanwhile, the Singapore Academy of Law and the Law Society of Singapore provide legal resources and guidance on trusts. These organizations can be valuable resources if you are in need of legal advice on trusts.

Next Steps

If you need legal assistance with trusts in Singapore, consider seeking a reputable lawyer with expertise in this field. Singapore has many legal firms that specialize in trusts. A lawyer can provide legal advice tailored to your specific situation, help you understand the complexities of trusts law, and guide you through legal processes.

Lawzana helps you find the best lawyers and law firms in Toa Payoh through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Trusts, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Toa Payoh, Singapore - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.