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Why Trust Account is Important?

  • It ensures the beneficiaries are protected by law and saves them from burdens posed by future financial problems.
  • A Trust Account does not constitute part of the distributable estate under Faraid law (for Muslims) or the Distribution Act 1958 (for Non Muslims).
  • The Donor may allocate a portion of the estate to be held in trust for a particular beneficiary for a particular purpose.
  • As Trust Accounts are legally constituted they cannot be challenged.
  • A Trust Account with AmanahRaya as the Trustee ensures the protection of beneficiaries especially minors or persons with disabilities.

 

 
     
 

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