Category: Story-en

At ACF, we often encounter clients who possess deep emotional connections and a strong sense of social responsibility. One client’s story illustrates the power of trusts and highlights the importance of the services we provide.

Her concern for her parents reflects a sentiment shared by many. As an independent woman, she worries that if she were to pass away unexpectedly, her parents would struggle with living and medical expenses. This concern has driven her to consider how to provide long-term financial security for her family.

In our discussions, we learned that she wishes to continue supporting her beloved school and charitable organizations after her passing. However, she found that simply setting up a will did not fully align with her wishes. When she came to us, we introduced her to the workings and benefits of trusts. A trust can provide a stable stream of funds to meet her parents’ needs while ensuring that the school and charities she cares about continue to receive support after she’s gone. This arrangement not only brings her peace of mind but also allows her generosity to endure.

Our team assisted her in establishing a tailor made trust plan with clearly defined terms for fund distribution and preset asset management levels. It also included provisions for equal distribution of donations if the trust’s assets fall below a certain level, ensuring her funds are utilized effectively.

This client’s case has deepened our understanding that a trust is not just a legal instrument; it is a means of emotional continuity and a fulfillment of social responsibility. We take pride in helping her achieve her wishes and providing stability for her family and the community.

At ACF, we focus on offering customized trust solutions for each client, helping them prepare for the future. We hope to encourage more people to get involved, ensuring their wishes are realized while continuing to have a positive impact on society.

Chan (a pseudonym) is our client. His father, before passing away, instructed that his inheritance be given to his grandson as an education fund. This left Chan with many questions: How can he properly manage this money? After all, his child is only 10 years old; how can a young child manage such funds? While Chan can serve as the guardian or executor, what happens if he suddenly becomes unable to continue in that role due to an unforeseen circumstance?

Fortunately, through a seminar, Chan learned about “ACF”, which allowed him to set up a trust at an affordable cost. This not only fulfilled his father’s wish but also provided a secure arrangement for his son.

Each person’s life stage is unique, and understanding assets management is an important yet complex process that involves the financial security of families and future of their finances. We aim to share insights on the needs and strategies for wealth management at different life stages, helping everyone prepare a secure and protected future for themselves and their families.

Young Stage (Ages 20-30)

At this stage, individuals are just entering the workforce and typically start to earn an income. The focus should be on learning how to build wealth, including savings, investments, and debt management. This is a crucial period for preparing for future financial stability, so it’s important to establish a solid financial foundation by setting up an emergency fund and retirement accounts to ensure future security.

Middle Stage (Ages 30-50)

As one’s economic foundation becomes more stable, there may be additional funds available for emergencies or investments. Family structures may also change due to marriage, the birth of children, or aging parents. During this stage, it is essential to formulate a clear wealth management plan, including estate planning and the establishment of trusts, to ensure that loved ones are protected. Additionally, setting aside some funds for donations to address community needs is also an important consideration at this stage.

Mature Stage (Ages 50-64)

At this point, careers are typically on track, and individuals have a deeper understanding of their needs and desires, including the feasibility of retirement plans. Updating your wealth management plan becomes particularly important, especially as health changes may impact assets. Discussing the vision for asset distribution with family members – potentially including charitable trusts and estate donations – is vital to ensure that everyone understands and supports the plan.

Retirement Stage (Ages 65 and older)

After retirement, financial needs and lifestyle can change significantly. It is essential to reassess the wealth management plan to ensure it aligns with current living conditions and health needs. Considerations for health insurance, long-term care, and financial management should be made to ensure sufficient protection against future challenges. Additionally, maintaining open communication with family about asset distribution and estate planning is important to ensure that everyone understands and supports these decisions.

Summary

Wealth Management is not a one-time task but a process that needs to be continually adjusted as life stages change. By regularly reviewing and looking ahead, one can ensure the safety and growth of assets while providing support and security in the future. Planning and education at each stage are aimed at achieving better asset management and family well-being, while also creating lasting possibilities for oneself and loved ones.

Contact our colleagues at ACF to learn more about wealth management and planning advice.