Search results for will substitute trust
Finance
Hana Bank to support estate donations using will-substitute trust with Kangdong Kyung Hee University Hospital
Hana Bank will work with Kangdong Kyung Hee University Hospital to support estate donations using a will-substitute trust service. The bank said it signed a business agreement with the hospital on Aug. 27 to help spread an estate donation culture using such trusts. Hana Bank will offer tailored donation planning and funds management services for medical and caregiving purposes. The hospital will link prospective donors to Hana Bank’s trust services.
Finance
Shinhan Bank teams up with Holt Child Welfare Association to support legacy donations using trusts
Shinhan Bank said it has signed an agreement with the Holt Child Welfare Association to promote legacy donations using trust services. The two organisations will cooperate on linking counselling for legacy giving and trust-based donations, providing financial advice for managing donors’ assets, reviewing ways to carry out donations through trusts and conducting related publicity. Customers who want to leave bequests to Holt can use Shinhan’s will-substitute trust services.
Fintech
KB Kookmin Bank launches trust to transfer senior residence deposits to heirs
KB Kookmin Bank launched a will-substitute trust service for customers living in senior residences, designed to safeguard move-in deposits and support inheritance after death. The service allows the bank, under the trust contract, to receive the returned deposit when the customer dies and transfer it to a designated beneficiary. Eligible customers are residents of senior facilities in South Korea who have paid a move-in deposit.
