Kookmin Bank Launches 'KB Widaehan Yusan Donation Trust'... Use During Lifetime, Donate After Death
Contributing to the Spread of Our Society's Donation Culture through the Use of Donation Trusts
[Asia Economy Reporter Park Sun-mi] KB Kookmin Bank announced on the 7th that it has launched the ‘KB Great Legacy Donation Trust,’ a donation solution utilizing the bank’s trust services.
The ‘KB Great Legacy Donation Trust’ is a product where customers who wish to donate entrust assets such as real estate or money to the bank, use the trust assets during their lifetime, and donate them to a pre-designated public interest corporation after their death.
In particular, if the donated asset is real estate, the trust subscriber can continue to reside in the property or receive rental income, resolving concerns about housing and living expenses even after subscribing to the trust. Additionally, during customer consultations, a comprehensive donation and inheritance consulting service by a group of experts is provided, offering customized asset planning solutions tailored to the donor’s financial situation.
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A KB Kookmin Bank official stated, “The KB Great Legacy Donation Trust was prepared for customers who want to give back to society but hesitate due to their current economic situation,” and added, “We hope that the use of donation trusts will contribute to spreading a culture of donation in our society.”
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