Reserved Powers Trust is usually a discretionary trust with certain trustee powers reserved to the settlor, such as powers of investment, delegation and appointment.

 Life Interest Trust is a fixed trust which pays specified trust income to a particular beneficiary (the “Life tenant”) during their lifetime, after which point the interest ends.  It is also common for “Remaindermen” to receive either the capital or a life interest on the death of the Life tenant.

Singapore Foreign Trust is a trust established under Singapore law where the Settlor and all of the Beneficiaries are neither citizens nor residents of Singapore. There are certain Singapore tax exemptions for these types of trust which, together with the robust regulatory regime in Singapore, make it attractive for overseas individuals and families.

Protective Trust for vulnerable beneficiaries is a special type of discretionary or life interest trust which includes provisions that preclude a beneficiary from monetising their interest in the trust to third parties.

Bare Trust is a nominee arrangement where the trustee has legal ownership of the trust fund and holds it on behalf and under the direction of the beneficiary absolutely.

Charitable Trust is an express trust set up with a specific charitable purpose in mind with defined charitable objects and beneficial classes.

Purpose Trust is a trust set up for a non-charitable purpose, such as acting as trustee where an entity is required which has no shareholders.

Constructive Trust arises as a matter of law where it would be unconscionable for a person who holds an asset to deny the beneficial interest of another person in the asset. They usually arise from circumstances of mistake or fraud.

Resulting Trust (also known as an implied trust) is imposed by law and returns the beneficial interest in the trust fund to the settlor, usually due to failure of the trust for lack of provisions.

Secret Trust (and Half-Secret Trust) arises under a Will where the testator makes a gift to a person with the intention that the asset gifted is held by the donee as trustee for another ultimate beneficiary, under the terms of an express or implied agreement between the Testator and the donee made outside of the Will. They are often used to provide anonymity for the beneficiary as the Will is a public document.

Testamentary Trust (Will Trust) is the inclusion of discretionary or life interest trust provision for beneficiaries which are included in the Last Will of a testator.  An alternative to this would be a Standby trust.

Standby Trust is an express trust set up during their lifetime of a settlor with a nominal trust fund, designed to be the recipient of their Last Will. Such trusts provide flexibility in terms of providing for beneficiaries and to avoid the need for rewriting the Will when circumstances of wishes change or become more complicated.  A Letter of Wishes is provided at the outset and can be amended over time by the settlor.

 Employee Benefit Trust is a form of discretionary trust established by an employer to provide certain benefits to its employees.

Pension Plan or Retirement Schemes are often established personally by individuals or by an employer for its employees under trust law to provide retirement benefits for the members of the plan or scheme.