Personal Financial Consultancy
BluTrust offers financial planning, trusts, will administration, and family office services, tailored to each client’s needs.
We provide a variety of services, including personal financial planning, trust advisory, will administration, and family office management.
As part of these services, we would analyze our clients’ cash flow, net worth, key financial ratios, and business goals and objectives to provide an overview of their overall financial position. Through such analysis, BluTrust highlights potential areas for improvement, as well as opportunities for optimizing their financial plans. Additionally, BluTrust recommends various strategies to assist our clients in achieving their business objectives.
Our value-added personal financial consultancy services include:
Trust Advisory Set up
The trust structure is a type of wealth structure that maintains a client’s wealth for decades to come. This allows them to reap the benefits decades after the trust was created. There are many types of trusts, including personal trusts, unit trusts, insurance trusts, share distribution trusts, succession trusts, offshore trusts, pre-IPO trusts, and charities.
Trusts for succession can also be tailored according to the client’s needs, such as Living Trusts, Testamentary Trusts, and Irrevocable Life Insurance Trusts (ILITs).
Our team of professionals can help set up and administer these trusts, providing trustee, foundation, and administration services according to the needs and requirements of each client.
Will Administration (Probate)
In order to distribute and administer the estate or assets of the deceased, a Grant of Probate or Letters of Administration are required.
Grants of Probate are granted when a deceased passed away with a valid Will, and Letters of Administration are granted when a deceased passed away intestatally (without a valid Will). According to Intestacy, the following beneficiaries are entitled to administer the deceased’s assets in order of priority: spouse, lawful children, parents, brothers or sisters, grandparents, and uncles or aunts.
A Will can also be made by an individual before they pass away, which is governed by the Wills Act (Chapter 352) of the Singapore Statutes. It is important to follow certain guidelines and requirements when writing a valid will, and BluTrust can assist with creating and depositing the individual’s will with the Wills Registry in order to ensure asset safety.
Family Office Administration
The two types of family offices are single family offices and multifamily offices. High net worth families with sophisticated needs often establish a Family Office to handle their wealth and administration, providing structure for the management of their wealth.
High net worth individuals have been relocating to Singapore in recent years to set up wealth management offices due to its attractive tax system and wealth management industry.
It is BluTrust’s goal to provide tailored solutions tailored to each client’s needs. This includes tax and estate planning, investment and trust advice, philanthropy, and succession planning.