Document background
The Life Trust Deed is a crucial estate planning instrument used in Malaysia when individuals wish to establish a trust structure for managing assets during their lifetime and beyond. This document type is particularly relevant when settlors want to ensure structured asset management and distribution while maintaining some flexibility in terms of beneficiary interests. The Life Trust Deed must comply with Malaysian trust law, particularly the Trustees Act 1949 and related legislation, and typically includes detailed provisions for trust administration, asset management, beneficiary rights, and trustee powers. It's commonly used in family wealth planning, asset protection, and succession planning scenarios, where long-term asset management and controlled distribution are desired objectives.
