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Hi
Before you set up a trust, you need to know if it is necessary.
Most trust is discretionary trust. If you have high investment income/business income (not personal service income), you can set up one to distribute trust profit to your family members (if your kids are independent, it will be even better).
After you believe trust is appropriate, then you need to decide if you like individual trustee or corporate trust.
cost to set up for individual trustee is around 700 ~1000. (stamp duty included)
cost to set up for corporate trustee is around 1400 ~2000. (company regi and stamp duty included)
Above is only for your reference, wish it is helpful.
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