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What would you advise your client if they ant to be involved in the decision making and have a final say in the investment and distribution of the trust assets?



A. Inform the client that this is not possible as only appointed trustee can have a say in the investment and distribution of the trust assets
B. The client can state in his letter of wishes that he wishes to be consulted on all appointments and distributions. Also, the terms of the trust can provide for a protector and your client can be appointed as the protector
C. Inform the client that a Singapore Trust does not allow for the settler to reserve full investment power for himself
D. The client can be appointed as the protector to be consulted on matters relating to the investment of the trust. However, the final decision rests with the appointed trustee

This question is part of CACS Paper 1 Trial Questions (Client Advisor Competency Standards) CACSPAPER.com
Asked by Cacspaper, Last updated: Aug 23, 2018

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cacspaper

Cacspaper

Answered on Nov 20, 2017

The client can state in his letter of wishes that he wishes to be consulted on all appointments and distributions. Also, the terms of the trust can provide for a protector and your client can be appointed as the protector
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