Living Legacy Trust
The Living Legacy Trust is a legally constituted fiduciary structure established under a trust deed between the Settlor (you) and Mega Trustee Berhad as the Trustee. It is designed to provide a formal mechanism for the ownership, management, and distribution of your assets in accordance with your instructions, both during your lifetime and after.
Under this structure, legal ownership of the designated assets is transferred to the Trustee, who holds and manages them for the benefit of your named Beneficiaries. The Trustee acts in a fiduciary capacity—administering the trust in accordance with the trust deed, prevailing laws, and regulatory requirements to ensure that your wealth is managed, applied, and distributed exactly as intended.
The Living Legacy Trust allows you to consolidate a range of asset classes such as cash deposits, investment-linked accounts, property holdings, business shares, and other financial instruments under a single governance framework. This provides continuity of management, legal protection, and operational efficiency that personal ownership alone cannot achieve.
The Living Legacy Trust is now being introduced to support Indonesian families seeking a structured and professionally governed approach to long-term wealth preservation, succession planning and cross-generational asset management.
How the Process Works
Initial Consultation via Email or Phone
- We will assess your requirements and provide detailed information on how our trust service can benefit your needs
File Opening & Preliminary Meeting
- To better understand the client's objectives for setting up a living legacy trust
Preparation of Deed of Trust, Execution & Stamping
- Drafting & revisions of the deed of trust until the settlor is satisfied
- Execution of deed of trust by relevant parties
Opening of Trust Account
- Account will be used to manage all trust funds in accordance with the terms of the deed of trust
Asset Transfer
- All intended assets are transferred into the trust
Ongoing Trust Administration, Support & Regular Reviews
- Management and upkeep of the property, collection of any income derived (if any) and distribution of benefits to the beneficiaries as stipulated in the deed of trust
- Provide regular updates on the trust's performance and status
- Maintenance of proper records and accounts and making any required tax filings
- Mega Trustee Berhad will assist with any amendments to the living trust if required subject to applicable laws
Frequently Asked Questions
A Living Legacy Trust is a legal arrangement where an individual (the grantor) transfers assets to a trustee (like Mega Trustee Berhad) to manage and distribute for the benefit of specified beneficiaries. It's a powerful tool for estate planning, asset protection, and ensuring your wishes are carried out even after you're gone.
A wide range of assets can be placed in a Living Legacy Trust, including cash, stocks, bonds, real estate, business interests, life insurance policies, and personal property. We work with you to determine the best assets to include based on your specific goals and circumstances.
We implement robust security measures to protect assets in Living Legacy Trusts. This includes diversified investment strategies, regular audits, strict compliance with Malaysian trust laws, and advanced digital security protocols. Our team of experienced professionals constantly monitors and manages trust assets to ensure their safety and growth.
The ability to modify a Living Legacy Trust depends on the type of trust established. Revocable trusts can generally be modified or terminated by the grantor, while irrevocable trusts are more difficult to change. However, even with irrevocable trusts, there may be some flexibility built in. We can guide you through your options and help you make any permissible changes to your trust.
