Garvis Trust
The Ruiling Trust team is experienced and committed to maximizing the appreciation and preservation of clients' wealth. To meet specific needs, we provide tailored asset management solutions. Through in-depth analysis and rigorous investment methods, we strive to achieve excellent returns and help clients build strong investment portfolios. For high-net-worth clients seeking alternative investment opportunities, Ruiling designs unique strategies for individual and institutional clients, carefully selects investment tools with excellent performance in various industries, and provides clients with diversified investment options and potential rich returns.
The Garvis Trust team is experienced and committed to maximizing the appreciation and preservation of clients' wealth. To meet specific needs, we provide tailored asset management solutions. Through in-depth analysis and rigorous investment methods, we strive to achieve excellent returns and help clients build strong investment portfolios. For high-net-worth clients seeking alternative investment opportunities, Ruiling designs unique strategies for individual and institutional clients, carefully selects investment tools with excellent performance in various industries, and provides clients with diversified investment options and potential rich returns.
The Garvis Trust team is experienced and committed to maximizing the appreciation and preservation of clients' wealth. To meet specific needs, we provide tailored asset management solutions. Through in-depth analysis and rigorous investment methods, we strive to achieve excellent returns and help clients build strong investment portfolios. For high-net-worth clients seeking alternative investment opportunities, Ruiling designs unique strategies for individual and institutional clients, carefully selects investment tools with excellent performance in various industries, and provides clients with diversified investment options and potential rich returns.
Garvis Trust
Garvis Trust
A trust is a trustee (trust institution) who accepts the authorization from the trustor (an individual or family) and assumes the responsibility of managing and disposing of property in order to achieve the purpose of wealth preservation, appreciation and inheritance. In short, trust can be said to be an efficient and professional wealth management method that "accepts entrustment and manages finances on your behalf".
The concept of trust
A trust means that the settlor entrusts the ownership of his property to the trustee, who is legally responsible for the beneficiary and must comply with statutory fiduciary obligations. Once this trust responsibility is breached, appropriate compensation is required. This arrangement is designed to achieve effective wealth management, protection and distribution, while ensuring that trust assets are managed legally, transparently and responsibly.
The trustee is responsible for managing and protecting the trust property in accordance with the trust agreement and, under certain circumstances and in accordance with the provisions of the agreement, transferring the assets to the designated trust beneficiary.
The client realizes the goals of property inheritance, investment and financial management, or retirement planning by signing contracts and letters of intent. At the same time, it can clearly stipulate when and in what form the beneficiary can withdraw living expenses, education expenses or medical expenses, etc. without going through the probate process.
Effect
Work
Role
The concept of trust
A trust is a trustee (trust institution) who accepts the authorization from the trustor (an individual or family) and assumes the responsibility of managing and disposing of property in order to achieve the purpose of wealth preservation, appreciation and inheritance. In short, trust can be said to be an efficient and professional wealth management method that "accepts entrustment and manages finances on your behalf".
A trust means that the settlor entrusts the ownership of his property to the trustee, who is legally responsible for the beneficiary and must comply with statutory fiduciary obligations. Once this trust responsibility is breached, appropriate compensation is required. This arrangement is designed to achieve effective wealth management, protection and distribution, while ensuring that trust assets are managed legally, transparently and responsibly.
The trustee is responsible for managing and protecting the trust property in accordance with the trust agreement and, under certain circumstances and in accordance with the provisions of the agreement, transferring the assets to the designated trust beneficiary.
The client realizes the goals of property inheritance, investment and financial management, or retirement planning by signing contracts and letters of intent. At the same time, it can clearly stipulate when and in what form the beneficiary can withdraw living expenses, education expenses or medical expenses, etc. without going through the probate process.
Role
Work
Effect
Isolation risk
Protect family wealth from unreasonable demands, divorce or political instability for future generations
High Confidential
Protect the confidentiality of the identity of the asset holder and avoid disclosure of sensitive information during the execution of the will
Long Term Protection
Limit beneficiary overuse of assets, especially to provide lasting care for minors or family members with special needs
Flexible allocation
Provide diversified benefit distribution methods, including one-time, regular quota, conditional or discretionary distribution options
Avoid Controversy
Through advance arrangements, family disputes caused by property distribution can be effectively avoided.
Tax Planning
Through ingenious structural design, the trust structure is used legally and compliantly to achieve effective tax planning.
Maintain Control
Instructions to the trustee maintain control over the use of assets even after the settlor's death
Social Charity
Use wealth to support charitable activities in the long term and continue to give back to society
Eight functions of a trust
Trustee
Responsible for providing asset protection, transaction monitoring and customer account administration
Garvis Trust Business Framework
Client
(Establisher)
Custody client funds and ensuring the security of client funds
Custodian Bank
Provide professional and responsible investment advice
Investment Advisor
Auditor
Responsible for the accounting of capital accounts
Legal Advisor
Prepare trust deed and review relevant terms
Beneficiaries
Operation
Trust companies can only operate and account in special trust accounts opened in banks.
Overseas trusts own a variety of assets as corporate entities, are operated and managed by professionals, and have a wide range of trustee choices.
The difference between domestic and foreign trusts
Domestic Trust
Offshore Trust
Legal Policy
The Trust Law's provisions on invalid trusts, compulsory execution of trust property, defective inheritance, etc. may affect the independence of the trust and reduce the effect of risk isolation.
Foreign laws have clear provisions on the types of trusts, the rights of trustees, the degree of asset isolation for different types of trusts, and the rights of protectors, which help to achieve true trust independence and risk isolation.
Asset Type
The main assets are cash and financial assets, including some insurance policies and equities. Real estate can also be included, but the cost is relatively high.
Owning a diversified portfolio of assets, including real estate, stocks, private jets, yachts, racehorses, etc., has relatively low costs.
Management
Offshore trusts own diversified assets through corporate entities and are operated and managed by a professional team, with a wide range of trustees.
The trustee is generally responsible for establishing the trust structure and managing trust affairs, while the principal makes decisions independently or hires professional investment advisors for asset investment.
Trust Q&A
What is an overseas
family trust?
The client (the trust founder) entrusts the assets he legally owns to the trust company (the trustee) for management, and the trustee will properly manage the assets according to the client's wishes. In the unfortunate event of the death of the trust founder, the corresponding trust assets will be smoothly passed on to the pre-designated beneficiaries, who are designated by the client.
Are trusts regulated
by law?
Trust companies are strictly regulated by the Trustees Ordinance, Chapter 29 of the Laws of Hong Kong, and are supervised by the corresponding departments under the Financial Secretary of the Hong Kong Special Administrative Region. According to section 41X(1) of the Ordinance, the settlor has all or part of the investment power and asset management power over the trust property.
Are funds placed
in a trust safe?
According to the provisions of Chapter 29, Section 89 of the Trustee Ordinance of Hong Kong Laws, all money, property and securities received or held by a trust company as a trustee shall be kept separately and independently accounted for on a regular basis. At the same time, each trust must be clearly noted on the company's books to ensure that each trust can be clearly distinguished from trusts in other books of the company. This way, at any time, the trust monies are not considered part of the company's total assets and are not lumped with the company's overall assets.
Custodian bank
in trust what role?
Bank custody business means that the bank, as a third party, carries out corresponding business on behalf of the rights and interests of asset owners within the framework of laws, regulations and custody contracts. This includes the safekeeping of custody assets, handling fund liquidation, asset accounting and valuation, etc., while supervising the investment operations of the manager to ensure that the rights and interests of the asset trustor are fully protected.
What if the trust
company goes bankrupt?
Hong Kong's trust industry has a long history of nearly a hundred years, and so far, no trust company has ever gone bankrupt. Even if the trust company unfortunately fails, the trust assets will still be "substantially" held by the trustee and will not be affected by the credibility of the trust company. Nominally, the trust assets are held by the trust company, but in fact, based on the protection of the trust deed, the trust founder still has control over the assets. This means that there is a clear separation between the trust company and the trust assets, so the failure of the trust company will not have an impact on the trust assets.
How to ensure that funds truly invested?
Our trust investment funds are funds officially registered in the Cayman Islands and are strictly regulated by the laws of the Hong Kong Securities and Futures Commission. Hong Kong's financial legal system is very sound, ensuring that all funds can only be invested within the investment asset limits listed in the fund's documentation.
