Personal Management Trust

Plan your estate. Create a Legacy. Start Living.

Overview

 

Security Bank can help you set-up a Personal Management Trust which takes effect during your lifetime, unlike a will that only takes effect after death. Under this agreement, we will help you manage and transfer your assets to designated beneficiaries. It can also be used to complement your existing estate plan and:

  • Provide for the needs of your beneficiaries before and after death
  • Transfer properties from one generation to another
  • Assure the continuity and management of your assets

How we can help

 

  1. Wealth Transfer – Designing conditions on the transfer and distribution of your assets to beneficiaries
  2. Wealth Management and Preservation – Implementation of the transfer and distribution of the Trust Assets
  3. Advisory Services -Formulation of clients’ own unique investment portfolio with higher returns

2 Types of Personal Management Trust

Revocable Personal Management Trust

Trustor reserves the right to change certain terms and conditions of the trust agreement such as pertaining to the distribution of benefits and/or the beneficiary/ies. The assets placed in trust forms part of the estate of the Trustor upon 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 trust property and does not retain nor reserve any right to amend the terms of the trust. The trust cannot be revoked except for causes prescribed by law. The assets placed in trust are generally taken out from the estate of the Trustor.

Benefits and Privileges

 

Asset Management

Continuity of family lifestyle and management of assets

Protection of Benefit

Protect beneficiaries against death, incapacity, physical disability or other similar misfortune

Smooth Transfers

Smooth, confidential, and prudent wealth transfer and distribution

Peace of Mind

Avoidance of estate mismanagement and embezzlement

Avoidance of Family Feud

Protection against unnecessary diminution of assets

Allowable Assets

Cash and Investments

Shares of Stock

Real Estate Property

Insurance Policies

Documentary Requirements

From the Client From SBC Trust
  1. Customer Information File – Individual Client
  2. Universal Specimen Signature Card
  3. Photocopy/ies of Government Issued IDs
  4. Birth Certificate or other evidence of filiation (beneficiary)
  5. Photocopy/ies of Government Issued IDs (beneficiary)
  6. Document evidencing title of ownership of property
  7. Document evidencing conveyance of property
  1. Personal Management Trust Agreement Template*
  2. Annex A- Dispositive Provisions*
  3. Annex B- Investment Guidelines
  4. Risk Disclosure Statement
  5. Risk Disclosure Statement
  6. Client Suitability Questionnaire

*To be customized depending on client’s needs

List of Valid IDs
PRIMARY ID SECONDARY ID
ACR / ICR Barangay Certification
Digitized Persons with Disabilities (PWD) ID City Health Card / Health Certificate Card
Driver's License Company ID - Shall be classified as Primary ID for Security Bank employees and subsidiaries
GSIS e-Card DSWD Certification
Integrated Bar of the Philippines GOCC ID [e.g. Armed Forces of the Philippines (AFP ID), Home Development Mutual Fund (HDMF ID)]
Maritime Industry Authority (MARINA) ID NBI Clearance
NCDA ID OFW ID
Passport OWWA ID
Philippine Identification (PhilID) Card Pag-IBIG Loyalty Card
Postal ID (PVC Plastic Card) Digitized/PVC PhilHealth Insurance Card ng Bayan (PHICB)
PRC ID Police Clearance
School ID Postal ID (Paper-based card)
Senior Citizen Card Seaman's Book
Special Resident Retiree's Visa (SRRV) ID  Solo Parent ID
SSS Card Tax Identification Number (TIN)
Unified Multi-Purpose ID  
Voter's ID  

Additional identifications (IDs) or documents may be required by our branch based on the interview and the type of account to be opened. The Bank reserves the right to decline account opening request based on its evaluations.

Know More about Personal Management Trust

Click here to download the questionnaire. Fill out the required forms.

Set an Appointment with us.
Email
[email protected]

Bring the Form during your confirmed scheduled appointment.

For inquiries, call us at 8867-6788 loc. 7371/7372

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.

Learn more about Personal Management Trust

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]

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