A Personal Management Trust (PMT) is a type of arrangement that is ideal for those who wish to preserve or grow their assets to answer for the current or future needs of the trustor and/or his beneficiaries.

PMT is a living trust, thus, it becomes operational during the lifetime of the owner of the account (trustor) or as soon as the agreement is accomplished.

A PMT may either be a revocable or irrevocable trust. A revocable trust is a type of trust wherein the trustor can change the terms of the account such as the beneficiaries and the stipulations after it has been created. On the other hand, an irrevocable trust cannot be modified after it has been created. Both types of trust have their advantages and disadvantages and have different tax implications.

The PMT should have a clearly stated purpose(s) for which the account is being established. Said purpose(s) shall be consistent with the general objectives of the PMT which is the preservation of the assets or property for the current or future needs or use of the designated beneficiaries.

The trustor shall specify in the PMT agreement the names of his designated beneficiary/ies to the PMT account.

The beneficiary/ies can either be:
✓ The Trustor/s only
✓ Third-Party Beneficiary/ies
✓ Trustor/s and Third-Party Beneficiaries

The trustor may or may not nominate third-party beneficiary/ies. If there is one, the Trust Agreement must specifically state the names thereof. There is no maximum number of stated beneficiaries and they need not be related to the trustor by consanguinity or affinity.

Some of the examples that may be identified and defined in a PMT are, but not limited to:

✓ Living Sustenance (present and/or financial support)
✓ Present and/or future medical/health maintenance requirements
✓ Education
✓ Lifestyle Support, e.g. Travel and Recreation
✓ Gift-giving or Important Milestone
✓ Purchase of Personal and Real Properties
✓ Other financial needs or purpose which the trustor intends for the named beneficiary/ies

With a Personal Management Trust, aside from maximizing the fund’s earning potential through TBG’s broad investment capabilities and experience, the trustor can arrange to have us perform any number of services for his account, now or in the future.

These personalized services could range from making payments while the trustor is abroad to providing full personal financial management if he suffers an incapacitating illness. A Trustor can also designate one or more beneficiaries to receive the assets of his trust account upon his death. Or, he can have his trust account continue beyond his lifetime, serving as a source of continuing income and support for his loved ones or his designated beneficiary/ies.

Establishing a PMT will bring peace of mind as it assures the attainment of specific objectives in response to a trustor’s beneficiary/ies needs. Plus, with the guaranteed assistance and guidance of TBG’s seasoned Fund Managers, clients are certain that their customized investment portfolio is in accordance with their needs, risk tolerance, and investment profile. Through a PMT, clients can expect a professional fund and asset management, continuity of their legacy, and the protection of their well-earned assets.

The minimum entry amount as well as maintaining balance for a PMT account is:

PHP: P100,000.00
USD: $5,000.00