NATIONAL CONFERENCE OF TRUST 2024
‘’Successful Preservation of Wealth Across Multiple Generations’’
The private trust industry in Malaysia plays a crucial role in wealth management and estate planning, providing services to high-net-worth individuals and families. The industry is governed by the Trust Companies Act 1949, which outlines the licensing and operational requirements for trust companies. This key legislation was established to regulate the operation of trust companies, ensuring they adhere to standards of practice and maintain fiduciary responsibilities. It laid the foundation for the formal trust industry in Malaysia.
The private trust industry in Malaysia is expected to grow, driven by rising wealth and increased awareness of financial planning, alongside a need for more sophisticated trust solutions. Overall, the private trust industry is essential for managing and preserving wealth across generations, addressing the unique financial needs of individuals and families in Malaysia. Popular trust products include family trusts, private trusts, and charitable trusts, each serving different purposes such as asset protection, succession planning, and tax efficiency.
To further grow the trust industry in Malaysia and the ecosystem around it, Pacific Trustees Berhad and Pacific Trustees Islamic Berhad (“Pacific Trustees”) will be organising a National Conference of Trust, scheduled to take place on 12th November 2024.
This conference offers a comprehensive platform to explore practical strategies in wealth preservation and estate planning. Whether you’re a professional managing High-Net-Worth clients or someone looking to secure your family’s financial future, this event will provide you with the insights and tools you need.
- Explore advanced approaches to preserving wealth and ensuring Estate Planning across generations.
- Learn how to establish and manage Family Offices that provide tailored governance and wealth management solutions.
- Explore the latest regulatory changes affecting trusts and estates, including cross-border compliance and other key legal considerations.
- Tailored Solutions for High Net Worth Individuals.
- Tax Implications on Trust Structures.
- Insights into Wealth Management strategies for Wealth Creation and Preservation.
- Uncover the transformation of traditional Estate Planning models.
With particular attention to the needs of family offices and high-net-worth individuals in Malaysia. In an era marked by rapid technological advancements, complex global challenges, and increasing public scrutiny, the importance of trust in institutions, businesses, and governance has never been more critical. This National Conference will serve as a platform for industry leaders, policymakers, legal experts, and stakeholders to engage in thought-provoking discussions, share best practices, and explore innovative strategies for wealth management, including wealth creation, preservation, and the strategic use of trust structures.
We note that Malaysia has recently introduced a groundbreaking tax incentive that positions Family Offices in Forest City to benefit from a 0% tax rate. This initiative further underscores Malaysia's commitment to attracting global capital and fostering an environment conducive to wealth preservation and growth. At the National Conference of Trust, we will delve into the intricacies of estate planning, wealth management, and tax structures. The introduction of such forward-thinking policies presents a timely opportunity for family offices and high-net-worth individuals to explore how these incentives can complement trust structures for optimal wealth preservation. Your participation in this pivotal conversation would not only provide valuable insights but also align with these emerging opportunities for family offices in Malaysia.
The above programme will allow us to delve even deeper into the implications, benefits, and opportunities presented by this significant tax reform.
Key Topics Include:
- Overview of the tax incentive scheme of Single Family Offices (“SFOs”)
- Incentives and tax implications in Forest City Special Financial Zone (“FCSFZ”)
- Setting the regional stage: Where does Malaysia stand with Singapore on its newly announced SFOs tax incentive?
- Networking opportunities with industry leaders
Discover the wealth preservation strategy by utilising Trust at this year's National Conference of Trust, where industry leaders and innovators gather to tackle the critical issues shaping trust in the modern world. Themed "Successful Preservation of Wealth Across Multiple Generations," this National Conference promises to be a hub of insightful discussions, ground breaking ideas, and invaluable networking opportunities.
By attending this National Conference of Trust, the key takeaways are:
- Practical solutions to optimise estate transfers and wealth preservation.
- Strategies to set up or improve family offices that safeguard wealth and align with family governance goals.
- Staying ahead of regulatory changes impacting trust and estate planning.
- Build meaningful connections with leading professionals in Trust Law, Estate Planning and Wealth Management industry leaders.
- Identify and address key risks in trusts and estates to safeguard wealth from unforeseen challenges.
- Maximise tax efficiency for Trust Structures.
- Insights into the Future of Estate Planning.
Seats are limited. Reserve your place today via Ticket2U to be part of this exclusive event.