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Quick Q&A Archives - Adventist Charitable Foundation Ltd.Adventist Charitable Foundation Ltd.
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WHAT IS THE DIFFERENCE BETWEEN WILLS AND TRUSTS?

Wills and trusts are both legal documents used to carry out your wishes, but they operate in different ways.

 

Features of Will

Will
Features of Trust

Trust
  • It takes effect only after the testator’s death and is primarily used by the appointed executor(s) to distribute assets.
  • It can take effect during your lifetime or after your death.
  • It must go through the probate process to be executed.
  • It can avoid the probate process, providing greater privacy and flexibility.
 
  • It involves transferring assets into the trust, which is managed by a trustee who distributes them to beneficiaries according to the terms of the trust.
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FAQ_Why Choose ACF
WHY CHOOSE ACF?

ACF provides a comprehensive safety net that goes beyond traditional financial management. Our unique advantages include:

  • Immediate Activation: Our trusts can be triggered now to address urgent life changes or evolving care requirements while you are still here
  • Integrated Stewardship & Care Services: Beyond asset management, we provide stewardship and referral services for professional care
  • Professional & Licensed: As a licensed Trust or Company Service Provider (TCSP) in Hong Kong, we offer regulated, secure, and affordable trustee services
  • Conflict-Free & Transparent: We prioritize the welfare of our clients’ beneficiaries through a transparent fee structure. By following our clients’ specific wishes, we ensure that more of your legacy is dedicated directly to your loved one’s care
  • Flexible Asset Injection: We accommodate various asset types, including Cash, Life Insurance proceeds, and Securities, to suit your financial planning
RELATED NEWS
WHAT IS THE DIFFERENCE BETWEEN WILLS AND TRUSTS?
CAN I CHANGE MY LETTER OF WISHES LATER?
WHY CHOOSE ACF?
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CAN I CHANGE MY LETTER OF WISHES LATER?

Yes. We understand that family circumstances and the needs of beneficiaries evolve over time. Your Letter of Wishes is a dynamic document that can be reviewed and updated periodically to reflect changing care requirements, lifestyle preferences, or medical needs. We encourage regular reviews to ensure your plan remains the most effective “voice” for your loved one’s future.

RELATED NEWS
WHAT IS THE DIFFERENCE BETWEEN WILLS AND TRUSTS?
CAN I CHANGE MY LETTER OF WISHES LATER?
WHY CHOOSE ACF?
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