Best Trusts Lawyers in Malaysia

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Tam Yuen Hung & Co.
Cheras, Malaysia

Founded in 2016
11 people in their team
English
A boutique law firm based in the state of Selangor in Malaysia. We pride ourselves as the forefront law firm practising and focusing in the area of family and divorce law assisting clients locally and internationally. Our team consists of 3 partners and 5 legal associates with extensive experiences...
HAEME LEW

HAEME LEW

15 minutes Free Consultation
Kuala Lumpur, Malaysia

Founded in 2017
6 people in their team
English
Malay
Chinese
HAEME LEW | Full-Service Law Firm in Kuala Lumpur, MalaysiaHAEME LEW is a Kuala Lumpurโ€“based, multi-practice law firm with regional reach and a strong network across the Asia Pacific. Built on the combined experience of Haeme Hashim & Co and CK Lew & Co (merged in February 2020), the firm...

English
Arissa Tan, Chien & Co (Puchong) ่’ฒ็งๅพ‹ๅธˆๆฅผ is a prominent law firm in Malaysia dedicated to delivering comprehensive legal services across a range of practice areas, including civil litigation, corporate advisory, conveyancing, and criminal defence. The firmโ€™s team of qualified trial...
Arina Ong & Co.
Kuala Lumpur, Malaysia

Founded in 2000
10 people in their team
Malay
Dispute Resolution Breach of contractDebt recoveryBankruptcy proceedingsJudicial reviewConstruction disputesAdjudication proceedings under the Construction Industry Payment and Adjudication Act 2012 (โ€œCIPAAโ€)Landlord and tenant disputesEmployment disputesDivorce & Matrimonial...
Yusma & Associates
Rawang, Malaysia

Founded in 2005
English
Yusma & Associates, located in Rawang, Selangor, Malaysia, is a distinguished law firm specializing in family law, divorce proceedings, estate litigation, and real estate matters. With nearly two decades of experience, the firm is led by Yusmawati binti Ab.Llah, a qualified Advocate and Solicitor,...
Eunice Derek & Co
Kuala Lumpur, Malaysia

English
Eunice Derek & Co., located in Kuala Lumpur, Malaysia, is a distinguished law firm committed to delivering comprehensive legal services. The firm offers expertise in areas such as construction disputes, debt recovery, medical law, industrial relations, corporate and commercial disputes,...
Ghazi & Lim Advocates
George Town, Malaysia

Founded in 1992
50 people in their team
Malay
ABOUT GHAZI & LIMWe are Ghazi & Lim, a legal firm established in 1992 and practising nationwide in Malaysia in all  disciplines  and  aspects  of  Malaysian  legal  practice . Presently  we  have  forty  lawyers, thirteen of  whom...
LAW CHAMBERS OF LOW & YOW
Klang, Malaysia

Founded in 2012
English
Established in 2012, the Law Chambers of Low & Yow is a Malaysian law firm with offices in Klang and Kepong. The firm comprises four lawyers and approximately 14 support staff, focusing on areas such as real estate transactions, banking documentation, lease and tenancy agreements, wills, probate...
Chee Sun & Associates
George Town, Malaysia

English
Chee Sun & Associates, established by Mr. Goh Chee Sun, operates five strategically located offices across Peninsular Malaysia, including Penang, Kuala Lumpur, Johor Bahru, Sungai Petani, and Kuchai Exchange. The firm is managed by three partners and supported by twelve legal associates, all...
GK Ganesan (International Arbitrator)
Kuala Lumpur, Malaysia

Founded in 1993
English
GK Ganesan (International Arbitrator) is a distinguished Malaysian law firm renowned for its expertise in international commercial arbitration and a broad spectrum of legal services. The firm specializes in areas such as insurance, bankruptcy, divorce, elder law, employment, family law,...
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About Trusts Law in Malaysia

Trusts in Malaysia are legal arrangements where a person (the settlor) transfers assets to be managed by a trustee for the benefit of another person (the beneficiary). Trusts can be a useful tool for estate planning, asset protection, and charitable giving.

Why You May Need a Lawyer

You may need a lawyer for Trusts in Malaysia if you are setting up a trust, need advice on managing an existing trust, or are involved in a dispute related to a trust. A lawyer can help ensure that the trust is legally valid, drafted correctly, and in compliance with all relevant laws.

Local Laws Overview

In Malaysia, trusts are mainly governed by the Trustee Act 1949 and the various state Trustee Acts. These laws outline the duties and responsibilities of trustees, the rights of beneficiaries, and the procedures for creating and managing trusts. It is important to seek legal advice to understand how these laws apply to your specific situation.

Frequently Asked Questions

1. What is a trust?

A trust is a legal arrangement where assets are held by a trustee for the benefit of another person or group of people.

2. Who can create a trust in Malaysia?

Any person who is of sound mind and has legal capacity can create a trust in Malaysia.

3. What are the key roles in a trust?

The key roles in a trust are the settlor (who creates the trust), the trustee (who manages the trust), and the beneficiary (who benefits from the trust).

4. How do I create a trust in Malaysia?

To create a trust in Malaysia, a settlor must transfer assets to a trustee and clearly outline the terms and conditions of the trust in a trust deed.

5. Can a trust be changed or revoked?

In Malaysia, a trust can often be amended or revoked by the settlor under certain conditions outlined in the trust deed or by seeking permission from the court.

6. What are the duties of a trustee in Malaysia?

Trustees in Malaysia have a fiduciary duty to act in the best interests of the beneficiaries, manage the trust assets prudently, and follow the terms of the trust deed.

7. How are trusts taxed in Malaysia?

Trusts in Malaysia are subject to income tax on any income generated by the trust assets. It is important to seek tax advice when creating or managing a trust to ensure compliance with tax laws.

8. Can a trust be challenged in Malaysia?

A trust can be challenged in Malaysia if there is evidence of fraud, undue influence, mistake, or lack of capacity when the trust was created. It is advisable to seek legal advice if you believe a trust should be challenged.

9. What happens if a trustee breaches their duties?

If a trustee breaches their duties in Malaysia, they can be held personally liable for any losses incurred by the trust. Beneficiaries have the right to seek legal recourse against a trustee for breaches of trust.

10. How can I find a trust lawyer in Malaysia?

You can find a trust lawyer in Malaysia by contacting the Bar Council of Malaysia for a list of qualified lawyers specializing in trusts or asking for recommendations from friends, family, or business associates.

Additional Resources

For additional resources on trusts in Malaysia, you can visit the Malaysian Bar website, the Companies Commission of Malaysia, or consult with the Malaysian Financial Planning Council for expert advice on trusts and estate planning.

Next Steps

If you need legal assistance with trusts in Malaysia, it is advisable to consult with a qualified trust lawyer who can provide personalized advice based on your specific circumstances. Contact a trust lawyer as soon as possible to ensure that your interests are protected and your trust is properly structured and managed.

Lawzana helps you find the best lawyers and law firms in Malaysia 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 Malaysia - 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.