Finance
Hana Bank launches tailored trust for gifts to grandchildren and children
Hana Bank has launched a long-term asset management trust product aimed at seniors planning lifetime gifts to their grandchildren or children. The product allows a trustee manager such as a grandparent to be designated and restricts withdrawals or termination without that manager’s approval. The bank said the structure can help ensure assets are used for purposes set by the donor, such as tuition or wedding funds, and can be invested through a trust account.
