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Trust (信托)

A legal arrangement between the trustor and trustee. Once the trustor placed assets in a trust, the trustor loses control over these assets as they no longer belong to the trustor. The trustee manages the assets on behalf of the beneficiaries, based on a set of instructions that the trustor has pre-determined.

Check out this article relating to trust: Ways to Protect Your Firm From Creditors: Lee Soo Chye

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