Bigbird Posted June 7, 2022 Share Posted June 7, 2022 Anyone familiar with trust fund? Like willing your assets to a trust fund that is managed by a "manager". 1 Link to comment Share on other sites More sharing options...
XianGe Posted June 7, 2022 Share Posted June 7, 2022 Trust myself 1 Link to comment Share on other sites More sharing options...
socrates469bc Posted June 8, 2022 Share Posted June 8, 2022 towkay me teach didi a very simple way to set up one-off trust fund. towkay me just buy this stock and keep until now, only selling it when towkay me see good price. wahahahahahahahahha 1 Link to comment Share on other sites More sharing options...
The_King Posted June 8, 2022 Share Posted June 8, 2022 20 hours ago, Bigbird said: Anyone familiar with trust fund? Like willing your assets to a trust fund that is managed by a "manager". Trust no one Link to comment Share on other sites More sharing options...
Bigbird Posted June 9, 2022 Author Share Posted June 9, 2022 On 6/8/2022 at 6:11 PM, The_King said: Trust no one On 6/8/2022 at 5:36 PM, socrates469bc said: towkay me teach didi a very simple way to set up one-off trust fund. towkay me just buy this stock and keep until now, only selling it when towkay me see good price. wahahahahahahahahha On 6/7/2022 at 10:55 PM, XianGe said: Trust myself Guys, Perhaps i confuse u all. This is what i meant! When i die aka forever "lie flat"!, My assets goes into a trust fund instead directly to my nominee! Perhaps this will example better! https://www.investopedia.com/terms/t/trust-fund.asp 3 Link to comment Share on other sites More sharing options...
Bigbird Posted June 9, 2022 Author Share Posted June 9, 2022 The trust fund manager will ensure the targets or instructions are met before allocation and also can be in phases! eg. nominee must wear pink shirt and clown hat in public for 20 years! Then unlock achievement! 2 Link to comment Share on other sites More sharing options...
socrates469bc Posted June 9, 2022 Share Posted June 9, 2022 21 minutes ago, Bigbird said: Guys, Perhaps i confuse u all. This is what i meant! When i die aka forever "lie flat"!, My assets goes into a trust fund instead directly to my nominee! Perhaps this will example better! https://www.investopedia.com/terms/t/trust-fund.asp limpeh alrdy told u the cheapest way to set up trust fund liao. b4 bird didi gg and in sound mind, just sign a will stipulating cannot sell the share and only can take dividend, can liao. wahahahahahahahaha 1 Link to comment Share on other sites More sharing options...
Bigbird Posted June 9, 2022 Author Share Posted June 9, 2022 11 minutes ago, socrates469bc said: limpeh alrdy told u the cheapest way to set up trust fund liao. b4 bird didi gg and in sound mind, just sign a will stipulating cannot sell the share and only can take dividend, can liao. wahahahahahahahaha But who is enforcing it? Executor? Executor dont do fund management, they just divide the assets according to the will! You die already, nothing stops the nominee to sell the next day of your funeral! 1 Link to comment Share on other sites More sharing options...
Huat Zai Posted June 9, 2022 Share Posted June 9, 2022 https://www.guidemesingapore.com/business-guides/taxation-and-accounting/tax-and-wealth-planning/guide-to-setting-up-a-singapore-trust "Settlors are protected from forced heirship claims" @Bigbird ~~ how many illegitimate children do you have~~ 3 Official Mugentech Minecraft server: Please see thread in Gamers Link to comment Share on other sites More sharing options...
Bigbird Posted June 9, 2022 Author Share Posted June 9, 2022 I think appointing one TFM is simple, just pay money. Just wanted to know if another have any experience using one? 1 Link to comment Share on other sites More sharing options...
socrates469bc Posted June 9, 2022 Share Posted June 9, 2022 10 minutes ago, Bigbird said: I think appointing one TFM is simple, just pay money. Just wanted to know if another have any experience using one? waste of money, didi. unless didi have liquid asset of sgd5m then consider. if not, didi better off writing a will. wahahahahahaha Link to comment Share on other sites More sharing options...
Bigbird Posted June 10, 2022 Author Share Posted June 10, 2022 22 hours ago, socrates469bc said: waste of money, didi. unless didi have liquid asset of sgd5m then consider. if not, didi better off writing a will. wahahahahahaha I find Will is for straight forward 1 time purge your assets. I am thinking of phase approach or even time delay eg 5-10yrs allocation! So need a committed executor or manager! Am seriously exploring! 1 Link to comment Share on other sites More sharing options...
Huat Zai Posted June 10, 2022 Share Posted June 10, 2022 21 minutes ago, Bigbird said: I find Will is for straight forward 1 time purge your assets. I am thinking of phase approach or even time delay eg 5-10yrs allocation! So need a committed executor or manager! Am seriously exploring! Dua Jiao must be fucking rich, moi one time purge assets also not enough, Dua Jiao still need to slowly release. 1 Official Mugentech Minecraft server: Please see thread in Gamers Link to comment Share on other sites More sharing options...
Bigbird Posted June 10, 2022 Author Share Posted June 10, 2022 (edited) 21 minutes ago, Huat Zai said: Dua Jiao must be fucking rich, moi one time purge assets also not enough, Dua Jiao still need to slowly release. NO i'm no where near rich! 1 time purge, nominee becomes strawberries or marshmallows gen liao! Edited June 10, 2022 by Bigbird 1 Link to comment Share on other sites More sharing options...
Huat Zai Posted June 10, 2022 Share Posted June 10, 2022 Just now, Bigbird said: 1 time purge, nominee becomes strawberries or marshmallows gen liao! Not scare, moi one time purge, nominee won't even feel a thing, will still have to be red lighting serf forever. 2 Official Mugentech Minecraft server: Please see thread in Gamers Link to comment Share on other sites More sharing options...
Bigbird Posted June 10, 2022 Author Share Posted June 10, 2022 These days a lot of youth once have money, go buy Balenciaga! Why i notice is because the Name all printed big big because i think they all dont know how to spell Balenciaga! 2 Link to comment Share on other sites More sharing options...
socrates469bc Posted June 10, 2022 Share Posted June 10, 2022 1 hour ago, Bigbird said: I find Will is for straight forward 1 time purge your assets. I am thinking of phase approach or even time delay eg 5-10yrs allocation! So need a committed executor or manager! Am seriously exploring! depends on how didi writes the will. didi can stipulate specifically that the beneficiaries can only access the interest and not principal, thereby creating a trust fund liao. if want to start so early, just write a living will and put seed money into the linked account can liao. wahahahahahahahaha 1 1 Link to comment Share on other sites More sharing options...
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