It is a common story in PJ or KL: a relative passes away, and the family suddenly finds their world at a standstill because bank accounts are instantly locked. This “legal jam” is the reality of Probate, where even with a Will, assets remain frozen for months or years. Imagine being unable to pay the mortgage or school fees despite having money in the bank. This is why a Licensed Trustee Malaysia is essential—they act as a vital backup plan that keeps your family’s daily life running when the system grinds to a halt.
Why your “ready cash” might not be ready
Simply put, a trust is like a “separate box” for your assets. Furthermore, because these assets are held by the trustee, they do not form part of your personal estate when you pass away. Consequently, they are not frozen by the court. By utilizing this structure, the administrative headache often associated with estate settlement is significantly reduced.
The Role of Administrative Support
When a crisis hits, the last thing your spouse or children need is a prolonged fight with a bank or a long wait in court. In such cases, entities like Global Asset Trustee (M) Berhad usually play an assisting, administrative, or neutral support role. Consequently, the instructions left behind are followed exactly, and immediate cash flow is provided to your family while the rest of the estate is still being sorted by lawyers.
Why the “Uncle” approach is risky
Many people think, “Aiyah, I just tell my brother/best friend to hold the money for my kids.” But honestly, life is complicated. What if that person goes bankrupt? What if they get a divorce and the trust money gets mixed up in their settlement? Or worse, what if they also meet with an accident? The Benefit of an Institutional Shield A Licensed Trustee Malaysia provides continuity. Unlike an individual, a trust company doesn’t “die” or get sick. They are bound by the Trust Companies Act 1949, which means they have to follow very strict rules about how they handle your money. It’s not about lack of trust in your family; it’s about giving your family a professional shield so they don’t have to carry the heavy burden of managing millions of ringgit while grieving.
How to spot a legitimate trust company
I’ve heard of people being “scammed” by unlicensed consultants promising high returns through “private trusts.” Please, be careful. A real trust company in Kuala Lumpur must be registered and comply with the law. How to Check if They Are Legit If you are talking to someone about trust administration services Malaysia, don’t be shy. Ask for their registration details. A legitimate company like Global Asset Trustee is regulated and has a track record. You can check the SSM (Companies Commission of Malaysia) portal to see if they are registered as a “Trust Company” specifically under the Act, not just a normal Sdn Bhd. This small step can save you a lifetime of regret.
Website: Global Asset Trustee (M) Berhad
Email: admin@globalassettrustee.com.my
Contact Number: 03-9771 5159
Address: A-13-4, Block A, Northpoint, 1, Medan Syed Putra Utara, Mid Valley City, 59200 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur
💬 What are the key things you must know when choosing a trust plan?
Summarizing the practical questions most Malaysian families ask, explained without the fluff.
