The myths of trust planning

THE idea of a trust has a long history. In the 12th century, knights leaving for the Crusades entrusted the management of their land to someone who would hold it for their families if they did not return – that person became the trustee, and the concept remains the same today.

Say the word “trust” to many Malaysians and reactions are mixed: some see it as a legacy tool only for the ultra-wealthy, others mistake it for a commercial arrangement promising attractive cash returns.