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Questions and Answers
What is the purpose to create a trust?
What is the purpose to create a trust?
- The trustor must transfer legal ownership of the trust assets to the trustee.
- The trustor must have the clear intention to create a trust. (correct)
- The trustor must designate a trustee to manage the trust assets and carry out the trustor's wishes.
- The trustor must identify the beneficiaries who will receive the benefits of the trust.
Which exchange is known as SGX?
Which exchange is known as SGX?
- The Singapore Exchange for Singapore (correct)
- New York Stock Exchange for United States of America
- Nasdaq for US
- London Stock Exchange for United Kingdom
What is the major document required for fund identification?
What is the major document required for fund identification?
- Transfer of assets document
- Beneficiary identification form
- Trust Deed (correct)
- Designation of trustee form
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