Search results for will substitute trust
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.
Finance
Shinhan Bank launches \'SOLmate Trust\' campaign with management participation
Shinhan Bank said on Monday it launched a campaign titled \"A healthy today, asset management for tomorrow\" and held a pledge ceremony to join its Shinhan SOLmate will substitute trust and dementia relief trust. The bank said the campaign reflects the idea that finance should protect customers\' lives beyond simple asset management, with executives first reviewing the need for the products from a customer perspective and taking part themselves.
Finance
Hana Bank steps up dementia-stage financial support, expands wealth management and education services
Hana Bank said on Monday it will strengthen financial support tailored to different stages of dementia by running a \"Dementia Peace of Mind Academy\" and revamping a will-substitute trust product. The bank will offer the education programme from March at its Hana The Next lounges. It also renewed its \"100-year Trust\" into \"My Way Trust\", designed to help customers plan asset management, withdrawals and transfers in case of declining judgement.