NH Investment & Securities launched a customized inheritance management service called 'N2 Trustway alternative to a will' on the 8th.
An alternative to a will trust is a product where customers receive operating funds such as living expenses while alive after signing a trust contract with a securities company, and upon death, the property is inherited by the designated beneficiaries. Customers can trust various assets such as money, real estate, and securities through this contract, and after asset management, it allows for quick and accurate inheritance execution, preventing related disputes.
NH Investment & Securities emphasized that the key advantages of an alternative to a will trust are ▲simplicity ▲flexibility ▲continuity. While a will involves complex procedures such as notarization and validation, an alternative to a will trust becomes effective merely by signing a contract. In addition, a regular will requires cancellation and rewriting procedures when changes are needed, but a trust can be amended easily with a simple contract change. Unlike a will, which only allows designation of the first beneficiary, an alternative to a will trust can designate beneficiaries continuously.
NH Investment & Securities explained that it provides customized comprehensive consulting tailored to each client through tax-saving strategies by professional tax accountants and support from dedicated attorneys for inheritance planning and contract drafting. It aims to offer services that closely consider the client's asset status as well as family relationships by leveraging the unique strengths of securities companies that excel in one-on-one asset management compared to banks.
Lee Jae-kyung, Vice President of the Retail Business Division at NH Investment & Securities, noted, 'We will provide customized consulting for high-net-worth individuals by internalizing dedicated attorneys in the Private Deal solutions department and professional tax accountants and real estate specialists in the Tax Center.'