Asset Management
Continuity of family lifestyle and management of assets
Protection of Benefit
Helps the beneficiaries with fund management and/or payment of estate taxes.
Smooth Transfers
Smooth, confidential, and prudent wealth transfers and distribution.
Peace of Mind
Avoidance of estate mismanagement and family squabbles
Avoidance of Family Feud
Effective, efficient and orderly mode of partitioning the estate.
Overview
Security Bank can help you set-up a Personal Management Trust account which becomes effective during your lifetime and does not require court probate, unlike a will that only takes effect upon death of testator and after court probate. This product allows you to manage your assets and designate beneficiaries. It is an estate planning tool that:
- Provides for the needs of your beneficiaries before and after your death;
- Facilitates the transfer of properties across generations; and,
- Ensures the continuity and management of your assets as per the agreement.
How we can help
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Wealth Transfer – we can help design conditions on the transfer and distribution of your assets to beneficiaries.
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Wealth Management and Preservation – we will implement the transfer and distribution of your Trust assets.
- Advisory Services – we will assist you in creating a personalized investment portfolio.
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2 Types of Personal Management TrustÂ
Revocable Personal Management Trust
Trustor reserves ownership over the assets in PMT and the right to change certain terms and conditions thereof, such as, but not limited to the designation of beneficiaries, instructions for distributions and assets contributed. The assets placed in trust forms part of the estate of the Trustor upon his death.
Irrevocable Personal Management Trust
This trust involves the donation of properties to the beneficiary of the trust. The Trustor completely and absolutely relinquishes his ownership of the property in trust and does not retain nor reserve any right to amend the terms of the trust. The properties in trust cannot be revoked unless upon consent of the beneficiary or causes prescribed by law. The assets in trust will no longer form part of the trustor’s estate.
Allowable assets
Cash
Securities
Real Estate Property
Insurance Policies
Click here for more information on Life Insurance Trust
Required Documents
| From the Client | From SBC TAMG |
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Know more about Personal Management Trust
1
Click here to download the questionnaire.
2
Set an appointment with us by emailing us at [email protected]
3
Bring the answered questionnaire during your confirmed scheduled appointment.
DISCLAIMER: The contents herein are intended for general information purposes only and should not be used as basis for making decisions nor should it be regarded as a substitute for specific professional advice. No representation or warranty as to its accuracy, reasonableness, or completeness, express or implied, is hereby made. The contents are subject to change at any time without prior notice. Reproduction of this material, whether in whole or in part, is strictly prohibited without prior consent of Security Bank Corporation. Security Bank Corporation denies any liability that may arise out of any loss or may result in actual, direct, indirect, special, incidental or consequential damage from the use or reliance on any information provided.
For inquiries and complaints, please call our 24-Hour Customer Service hotline at (632) 888-791-88 or email us at [email protected]. Security Bank Corporation is supervised by Bangko Sentral ng Pilipinas with telephone number (632) 8708-7087 and email address at [email protected].
Need more details about Personal Management Trust?
Email SBC Trust and Asset Management Group at [email protected]