A type of arrangement that is ideal for those who wish to preserve or earn from their assets to answer for the current needs or for the future use of the trustor or his beneficiaries.
Being a living trust, PMT becomes operational during the lifetime of the trustor as soon as the agreement is accomplished. In a PMT arrangement, the Trustor may or may not nominate third-party beneficiary/ies. In case of death, distribution to nominated third-party beneficiaries may be released on staggered or lumpsum basis according to Trustor’s wishes. The agreement shall clearly state the specific purpose(s) for which the account was established which shall be consistent with the general objectives of the PMT which is the preservation of the assets or property for the future use of the beneficiaries and/or answer for their current needs.
A PMT may either be revocable or irrevocable trust. A revocable trust is a type of trust wherein the owner of the trust (trustor) can change the terms of the account such as the beneficiaries and the stipulations after it has been created. On the other hand, an irrevocable trust cannot be modified after it has been created. Both types of trust have its own advantages and disadvantages and have different tax implications.
|Classification||Trust | Living Trust|
|Portfolio Mix||Should be aligned with the investment objective/s and risk parameters set forth by the Trustor|
|Minimum Initial Investment & Maintaining Amount||P100,000 or USD2,500.00|
|Minimum Holding Period||Minimum of six (6) months Should be aligned with the investment objective/s risk paramaters set forth by the trustor|
|Trust Fee||Based on the complexity of the account, the trust fee may range from 0.25% to 1.25% per annum based on Asset Under Management|
|Penalty per early withdrawals||n/a|
|Proof of Investment||PMT Trust Agreement|
To learn more about PMT, you may call TBG’s Trust Sales and Marketing Officers through 405-7119, 405-7100, 405-7761, and 405-7193 or email us at firstname.lastname@example.org.
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