Private Trust Company

[weijian]

Don't think putting assets in PTC will prevent children to fight over assets.
as Long as children has different view of their 'fair share', there will
be infighting and bad blood.

No choice. You can distribute the assets now then there won't be a need for a trust. But then the concern is your beneficiaries may mismanage the assets and eventually blow it all on gambling, cars and women.

I think the beneficiaries' values will determine whether it will be blown up on those desirable stuff.   This means trust or not, it doesn't really matter and the difference is only the rate of spending. If the values are not aligned and a trust is used, maybe even family bonds will be at risk i suppose.

[soros]

You need to consult a tax accountant for the reply to your question. For some trusts, the income is reported by the beneficiaries but I don't know if this applies to PTC .

SG Company profits are taxed at 17%.

Personal Tax Rates
Income Tax Rate
Tax rate on above 320,000 20%
Tax rate on capital gains 0%
Tax rate on income earned overseas 0%
Tax rate on dividends received from Singapore company 0%

[opmi]

Idea: split 50% equally among beneficiaries. Then draw lots for the other 50%.
I think people accept good/bad luck easier than fairness/equity

One winner, one loser in Ofer brothers’ lottery worth billions

Israel’s richest Sammy Ofer’s estate was divided into two groups of equal value and sons Idan and Eyal each picked one out of a hat as their mother looked on

http://www.livemint.com/Companies/m49HOI...illio.html