Citadel rolls out new trust product for multi-generational wealth planning
In a statement today, the company said this innovative trust structure addresses a critical challenge faced by Malaysian families seeking to secure their legacies across multiple generations.
It said the CDT offers a groundbreaking solution by providing a transparent, cost-effective trust structure that ensures rapid access to funds during critical times while giving settlers full control over their wealth transfer.
"Unlike conventional trusts, the CDT adopts a forward-looking perpetual approach, allowing families to safeguard assets with flexible options for full, partial, or customised payouts triggered by events such as death or 100 per cent total permanent disability.
"Beneficiaries can receive funds within three working days - significantly faster than typical probate timelines-providing timely financial support when it matters most," it said.
Citadel Group director Fred Chan said the CDT is a game-changer for Malaysian families as it overcomes long standing legal limitations and offers a transparent, flexible, and legally compliant framework.
"This trust is not just a financial instrument but it promises to future generations to protect and grow their legacy," said Chan.
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