At GTB Asset Management Limited, we offer the following Trust Services:
Corporate Trust
We act as Debenture Trustee or Security Trustee in syndicated lending transactions, protecting the interest of the lenders (banks) in the borrowing company’s secured assets and ensuring that covenants and undertakings by the borrowing company are regularly complied with. We also enforce security in the event that the borrowing company fails or defaults in its obligations to the lenders.
Public Trust
In Mutual Funds, Unit Trust Schemes and Real Estate Investment Trusts, our role is to protect the interest of the Unitholders by exercising oversight functions over the activities of the Fund Managers and ensuring their compliance with the Investment and Securities Act, the Rules and Regulations made pursuant thereto and the Trust Deed in particular. We also act as Bond Trustee to local and international Bond Issues by making certain that interest and principal payments are met by the Issuer as they fall due and the Issuer performs its obligations without fail. We represent the interest of Noteholders in Note Issuance Programmes as the Note Trustee.
Private Trust
In the realm of private trusts, Estate Planning is a necessary process to making sure your wealth is distributed as you wish while you are still alive and after your demise. Estate Planning can be achieved through a will and setting up a living trust.
Estate Planning and Private Trusts
Why lose what you have spent most of your lifetime building to huge estate taxes? Why not set up a Trust whereby you transfer your wealth and assets to an incorporated company having perpetual succession such as ours and avoid estate tax implications. You also gain the additional advantage of your wishes being carried out perfectly without fear or favour because you have entrusted your assets to a professional and reputable trust company. The distribution of your estate during and after lifetime is in your control and is tailor-made to suit your unique needs. As professional asset managers, we can offer you sound and prudent management of your assets even as we accumulate more wealth through prudent investment for you and your successive generations.
Living Trust
A living trust (inter vivos trust) sets out instructions on how your wealth should be managed in your lifetime and distributed after your death. The instructions are contained in a document called a “Trust Deed”. Your wealth is transferred to a person called the “Trustee” during your lifetime and is managed for the benefit of persons called “the Beneficiaries”. A living trust presents you with numerous advantages such as confidentiality as details of your trust are not subject to public scrutiny thereby making it more difficult for third parties to challenge the distribution of your estate; the legal formalities of a will are dispensed with and the Probate Court has no jurisdiction over your Trust assets.
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