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When a family member passes away, the best thing that can happen is that the beneficiaries’ future is already secured. A Living trust enables you to structure and distribute your assets according to your terms. It allows you to manage and preserve your financial wealth even when you are gone.
Living trust accounts should be maintained for at least 6 months. It may be opened jointly under one living trust agreement by related individuals upto the 2nd degree of affinity.
Maybank also gives you the flexibility to add or change names of beneficiaries or revise the terms of the trust altogether.
If you are an individual with at least Php 100,000.00 excess funds, then you are ready to set-up a living trust account. However, we advise you to invest more than Php 500,000.00, so the bank can invest the funds in high yielding instruments other than deposits.
Kindly prepare the following documents and get in touch with us on the numbers below.