UTGL is a licensed trust company. Unless the Settlor is involved in any alleged crime or a High Court order is obtained, UTGL will not disclose any clients’ trust information to any third party. Compared with the assets under a bank, assets in a trust enjoy high privacy and protection as it is a private arrangement between the Settlor and the Trustee. The setting up of a Trust and details of the assets are not allowed for public research. That’s the reason why many high-net-worth-individuals will consider setting up a trust to protect their assets.
Bank assets are often subjected to 3rd party investigation. Will a Trust account come across the same problem?
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Written by Support
