Best Trusts Lawyers in Singapore

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Founded in 1995
4 people in their team
English
Chinese
Malay
The firm primarily operates in these practice areas: Criminal Law, Civil Litigation, Dispute Resolution, Corporate and Commercial Law, Debt Collection, German Law, and Transnational and Cross Border Work particularly in the ASEAN region. We have developed a very close working relationship with our...
I.R.B. LAW LLP
Beach Road, 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...
JT Legal LLC
Marina, Singapore

Founded in 2017
3 people in their team
English
Chinese
We are a boutique corporate & corporate finance law firm specialising in mergers and acquisitions, reverse takeovers, IPOs, sale and purchase of company and company assets, joint-ventures, convertible note and bond issues, security arrangements, major asset acquisitions and disposals, employee...
Actus Legal LLP
Chinatown, Singapore

Founded in 2018
2 people in their team
English
Competent Compassionate Community Counsel who can provide good legal services at affordable rates!Actus Legal LLP (UEN T18LL1456F) is a limited liability law partnership, registered in Singapore under the Limited Liability Partnerships Act (Chapter 163A). We are a new firm that has started in...
GABRIEL LAW CORPORATION
Raffles Place, Singapore

Founded in 1986
15 people in their team
English
Chinese
At Gabriel Law Corporation, we pride ourselves on providing legal services tailored to our clients' needs. We represent a spectrum of clients from individuals to multinational corporations. Regardless of the size or complexity of the claim, we ensure that our clients have effective and expert legal...
Yuen Law LLC
Clarke Quay, Singapore

Founded in 2012
40 people in their team
English
Chinese
Yuen Law LLC is a highly accoladed Singapore law practice established in 2012. Our practitioners are highly experienced in sale and purchase of companies and assets, joint ventures, venture capital, corporate law, fintech regulations, disputes resolution, family law and trusts, and conveyancing....
Yap Loh & Partners LLP
Raffles Place, Singapore

Founded in 2003
5 people in their team
English
Yap Loh & Partners LLP is a multi-service law firm that represents and advises its clients in the following practice areas: corporate, litigation, intellectual property, data protection & technology, employment law, conveyancing & land law, family law and trusts, estate planning &...
Ann Tan & Associates
Raffles Place, Singapore

Founded in 1984
5 people in their team
English
Chinese
Malay
The law firm you can trustAt Ann Tan & Associates, Your Family Matters.Ann Tan & Associates legal practice started in 1984.The firm is headed by Dr. Anamah Tan, a renowned family lawyer and a skilled negotiator, who started practising since 1963.Dr. Anamah Tan who was a founder and an...
Jenny Lai & Co

Jenny Lai & Co

15 minutes Free Consultation
Chinatown, Singapore

Founded in 1996
5 people in their team
Chinese
English
Malay
Jenny Lai & Co is an established law firm providing high-quality and efficient legal services in various areas of law for over 20 years. Our firm specializes in family law, adoption, Wills, trust, Probate/Letters of Administration, real estate and conveyancing.Since 1996, we have built numerous...
Bhavini S Law Practice
Tanjong Pagar, Singapore

Founded in 2014
2 people in their team
English
Hindi
Gujarati
A boutique full service law practice providing consultation & legal representation in areas of : - Investment related Immigration Programs; Global Retirement Programs; Registration of Trademarks & Patents; Business Formation & Management; Cross border trading & Business to Business...
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Singapore Trusts Legal Questions answered by Lawyers

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About Trusts Law in Singapore:

Trusts in Singapore are legal arrangements where assets are held by a trustee for the benefit of one or more beneficiaries. This allows individuals to manage their assets for themselves or others, ensuring they are protected and distributed according to specific instructions. Trusts can be used for various purposes such as estate planning, asset protection, charitable giving, and more.

Why You May Need a Lawyer:

Seeking legal advice from a lawyer specializing in Trusts may be necessary in situations such as setting up a trust, navigating complex legal requirements, addressing disputes between trustees and beneficiaries, ensuring compliance with regulations, or managing trust assets effectively. A lawyer can provide guidance, draft legal documents, and represent your interests in legal proceedings related to trusts.

Local Laws Overview:

Key aspects of local laws related to Trusts in Singapore include the Trustee Act, which governs the duties and powers of trustees, the Civil Law Act, which outlines the rules for creating and enforcing trusts, and the Income Tax Act, which regulates the taxation of trusts. Singapore follows the common law system in trusts, which is supplemented by specific legislation to ensure proper administration and protection of trusts.

Frequently Asked Questions:

1. What is a trust?

A trust is a legal arrangement where assets are held by a trustee on behalf of beneficiaries according to specific instructions.

2. How do I set up a trust in Singapore?

To set up a trust in Singapore, you need to appoint a trustee, specify the beneficiaries, and draft a trust deed outlining the terms and conditions of the trust.

3. What are the duties of a trustee?

A trustee is responsible for managing trust assets, acting in the best interests of beneficiaries, avoiding conflicts of interest, and complying with trust terms and legal requirements.

4. Can a trust be revoked or amended?

Depending on the terms of the trust deed, a trust can be revoked or amended by the settlor or beneficiaries with the consent of all parties involved.

5. How are trusts taxed in Singapore?

Trusts in Singapore are subject to taxation on income accrued in or derived from Singapore, with specific rules and rates applicable to different types of trusts.

6. What happens if a trustee breaches their duties?

If a trustee breaches their duties, beneficiaries can take legal action to hold the trustee accountable and seek remedies such as removal of the trustee, compensation, or recovery of trust assets.

7. Can a trust be challenged in court?

Trusts can be challenged in court if there are disputes over trust validity, interpretation of trust terms, breach of trust, or allegations of fraud or misconduct.

8. What is the difference between a revocable and irrevocable trust?

A revocable trust can be changed or revoked by the settlor during their lifetime, while an irrevocable trust cannot be altered or terminated without the consent of beneficiaries.

9. Can a trust protect assets from creditors?

Depending on the terms of the trust and relevant laws, a properly structured trust may offer asset protection from creditors of the settlor or beneficiaries.

10. How can a lawyer help with trusts in Singapore?

A lawyer specializing in trusts can provide legal advice, draft trust documents, assist with trust administration, resolve disputes, ensure compliance with laws, and represent clients in trust-related matters in court.

Additional Resources:

For more information on trusts in Singapore, you can refer to the Singapore Academy of Law, Law Society of Singapore, Ministry of Law, or seek guidance from professional legal firms specializing in trusts and estates.

Next Steps:

If you require legal assistance with trusts in Singapore, consider consulting a lawyer experienced in trust law to discuss your specific needs, understand your options, and receive personalized advice tailored to your situation.

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