Updated September 26, 2025 by Samantha

A trust isn’t just for the wealthy. It’s a simple way to protect your assets, skip probate, and ensure your loved ones—especially children—are cared for exactly as you wish.

Do You Really Need a Trust if You Have a Will?

Many people thought that set up Trust is for rich family who have many assets in her estate But this is wrong assumptions, Trust is documents that have 3 parties such as settlor , the person who set up Trust with stated period and purpose and appoint Trustee , a company on behalf to execute instructions to the loved ones , which is beneficiary .

Trust is private documents that no need go through probate process and it’s a privacy documents in between settlor , trustee and beneficiary only. Its don’t need to disclosed to public likewise will need because the process of going of getting grant of probate in high court.

Who need Trust ? 

Currently I did for many working women who actually start family late and financially independent , and nowadays they choose to have lesser children, and now the way most client brought up their children is very different , they wish to give better planning such as education , medical , living and lifestyle and even to discover talents.

The trend now is when you start up family at late thirties , your children will only financially independent at your aged around late fifities to early sixties.

I have a real scenario , my client she give birth to her only daughter at aged 40 and she have try plenty times of IVF to get pregnant. Finally she make it and the daughter is so precious to her and she is now take up the responsibility of becoming a mother , so she wish to give her best and everything to her . She concern so much of her daughter & worry if she have any uncertain happen such as passed away. 

The best solutions for her concern is, my advise for her set up Trust with stated all her instruction and planning in the Trust , so the Trustee will able to help her to execute and fulfill her wish when she passed away. The instructions can be very details ,example as I wish my daughter to complete degree in overseas university and I wish her to complete degree or I prefer her to go for private hospital for treatment or the basic MAE ( medical , education, Living ) all can be stated in Trust. 

To set up Trust there must be certain amount needed to sustain children until financial independent and this amount of value can be set up with few option such as property , cash in the bank or Life insurance policy . The most easier way is getting a life insurance policy , and the sum assured will follow the value needed to take of the daughter until financially independent Once client kick the bucket , The trustee company will received Lump sum payout from insurer and Trustee will distribute money to appoint duty person to take care childrens , and the advantages is good that duty person would not have problems to handle such big lump sum of money or misues. Because every month , the payout to take care the daughter needed to justify and follow your stated instructions. My client will assure with her own planning and instruction written in the Trust.

Whether you want to safeguard your family, expand your wealth, or explore new career paths, FTA is here to guide you every step of the way.

FTA Wealth Solutions is a one-stop financial consultancy in Malaysia, offering holistic services from financial planning and nomination to will writing. As an approved HRDF Corp (Human Resource Development Fund) training provider, we also deliver structured financial literacy and professional development programmes. With over 20 years of industry experience and partnerships with leading providers, we help Malaysians protect, grow, and secure their wealth with clarity and confidence.

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