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ERGO SINGAPORE
INSURANCE ACT
INSURANCE (NOMINATION OF BENEFICIARIES)
REGULATIONS 2009
FORM 1
TRUST NOMINATION
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How to fill out trust nomination
How to fill out trust nomination
01
Begin by obtaining the trust nomination form. This can usually be obtained from the institution or organization managing the trust.
02
Read through the instructions and requirements stated on the form carefully.
03
Provide your personal information such as full name, contact details, date of birth, and address in the designated sections.
04
Identify the beneficiaries you want to nominate by providing their names, relationship to you, and any relevant details.
05
Specify the share or percentage of the trust assets you want each beneficiary to receive.
06
If necessary, outline any special conditions or instructions you have regarding the trust distribution.
07
Sign and date the trust nomination form.
08
Submit the completed form to the appropriate authority or organization managing the trust.
Who needs trust nomination?
01
Anyone who has established a trust and wishes to ensure that their assets are distributed according to their wishes.
02
Individuals who want to nominate specific beneficiaries and determine the share of assets they will receive from the trust.
03
Those who want to maintain control over the distribution of their trust assets even after their demise.
04
People who want to avoid potential conflicts or disputes among potential heirs by clearly outlining their chosen beneficiaries through a trust nomination.
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