Document background
The Trust Account Agreement is a fundamental document used in Malaysian trust arrangements to establish and govern the operation of trust accounts. This agreement is essential when parties wish to create a formal trust structure for managing funds or assets under Malaysian law. The document is typically required when setting up trust accounts for various purposes including estate planning, investment management, or specific purpose trusts. It must comply with Malaysian legislation, particularly the Trustee Act 1949 and Financial Services Act 2013, and includes detailed provisions for trustee appointments, account operation, compliance requirements, and beneficiary rights. The Trust Account Agreement serves as the primary reference document for all parties involved in the trust arrangement, ensuring clear understanding of roles, responsibilities, and operational procedures.
