You have built and added to your family's wealth through wise investments and careful management. And as your wealth grows, you will also want to keep it safe and keep it private.

Strategies to protect and preserve your wealth

In thinking ahead and planning for the future, you may have asked yourself these questions:

• What if I become ill and cannot operate my bank accounts?
  
• If anything untoward were to happen to me, will my account be frozen?
  
• How can I avoid probate and complicated legal procedures that could delay my assets being passed on to my family? Will my family need to pay large amounts in taxes?
  
• Will my financial affairs be made public knowledge?
  
• How can I control to whom and when my wealth will be passed to after my lifetime?
  

You may have other questions. More importantly, Citibank has the solutions to help you plan for such situations.

The best time to plan is now.
Two valuable structures to consider when planning for the long term safety and privacy of your wealth are:

These structures allow you to continue to manage your wealth while giving you peace of mind.

Why use Private Investment Companies and Trust?
Depending on your own situation or needs, a PIC, a Trust or a combination of both can be used effectively to ensure that your needs are met.

• A Company or a Trust can provide enhanced confidentiality for your financial affairs.
• A Company helps to segregate your personal assets from business assets, offering you protection from a range of liabilities.
• Because a Company never dies, using such structures can provide protection from estate taxes or inheritance taxes. Such structures also provide tax planning in many situations.
• A Trust enables you to control who will inherit your wealth, how much each would receive, and when it should be inherited.
• Unlike a Will, a Trust does not require probate proceedings involving lawyers and courts, hence there is no delay and your instructions will be kept completely private.
• A Trust can continue even after your lifetime - this can be useful when providing for children who are young or disabled.
• A Trust can also be used to protect yourself during your older years or when you are under a disability.

With a Trust or a PIC, you continue to have control over your assets and make decisions over investments, while enjoying all the above benefits. Life insurance solutions can also be used together with Trusts and PICs as part of a complete wealth management plan.

Other situations and objectives to plan for
You may also have additional planning needs, such as:

• Meeting your business's liquidity needs
  
• Forced heirship laws
  
• Children or grandchildren who are US persons (e.g. citizens, residents, taxpayers of the US)
• Taking up residence in another country and related tax issues
• Providing for children with special needs
  
• Family circumstances that are complex or undergoing changes

We invite you to have a personal discussion with us for ideas on how PICs and Trusts can be used to plan for your own situation. Call our Private Wealth Advisory Team at (65) 328 8373. Or Email Us with your personal particulars and we will contact you for a discussion

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Important:
Please note that this is intended for general guidance only. No responsibility is accepted by Citibank (which expression refers to Citibank, N.A., Citigroup, Inc, their affiliates, subsidiaries and affiliates, their assigns and agents, and their directors, officers and employees) for any errors or omissions. Citibank are not tax or legal advisors and all clients should always consult their own tax or legal advisor. The services referred to are being offered to clients who are not US citizens, residents or taxpayers.