Search results for testamentary substitute trust
People & Appointments
Hana Securities joins with ChildFund Korea to spread bequest donations using testamentary substitute trusts
Hana Securities will work with ChildFund Korea to promote a culture of bequest donations using testamentary substitute trusts. Hana Securities said it signed an MOU with the child welfare agency to support customers who want to donate assets through such trusts. The brokerage will provide trust design and practical support, including consultations with tax and legal experts. ChildFund Korea will execute and manage designated donations to ensure transparent and effective use.
Finance
Hana Bank to promote trust services for disabled people with On Yul
Hana Bank will work with non-profit group On Yul to promote asset management trusts for disabled people and to expand the adult guardianship system. The initiative aims to broaden financial and legal safeguards to help manage and protect the assets of socially vulnerable groups, including disabled people and older adults. The two sides also plan to develop a new type of testamentary substitute trust product to protect and manage posthumous assets of disabled people.
Finance
Hana Bank signs MOU with Korea University Medical Center
Hana Bank said on Tuesday it signed a business agreement with Korea University Medical Center to help spread a culture of legacy donations. Under the deal, the bank plans to offer staff and patients services such as legacy donation planning using testamentary substitute trusts, asset management solutions for reduced decision-making capacity, and funds management for medical and caregiving purposes. It also plans seminars and tailored consultations for donors via nationwide branches.
