"Make Inheritance Donations via Trusts"... ShinYoung Securities Partners with Keimyung University

Signing of MOU for the Development of Legacy Donation Trusts and Planned Giving Culture

Hwang Seong-yeop, CEO of Shin Young Securities (right), and Shin Il-hee, President of Keimyung University, are posing for a commemorative photo after signing a business agreement at the main building of Keimyung University in Daegu on the 18th.

[Asia Economy Reporter Minwoo Lee] Shin Young Securities is partnering with Keimyung University to promote the culture of legacy donation trusts and planned giving.

On the 18th, Shin Young Securities announced that it had signed a business agreement with Keimyung University to advance the culture of legacy donation trusts and planned giving.

Planned giving is a method where donors design detailed donation plans according to their wishes, using their assets such as real estate, securities, and cash. A legacy donation trust is a representative means of executing planned giving, where donors maintain control over their donated assets through consultations with legal and tax experts while establishing and implementing asset succession plans.

Through this agreement, both parties will engage in various activities such as discovering and connecting planned donors, operating legacy donation trust programs, and promoting them to the public.

For example, if Keimyung University discovers donors and recommends them to Shin Young Securities, experts from Shin Young Securities’ Family Heritage Division will provide suitable trust solutions through consultations with the donors. Donors can receive asset management from Shin Young Securities during their lifetime and enter into trust contracts that donate to Keimyung University after their passing.

Hwang Seong-yeop, CEO of Shin Young Securities, stated, "As society enters an aging phase, 'well-dying' has become an important topic, and more people want to donate their legacies. Through legacy donation trusts, we will expand the scope of donated assets to include real estate, stocks, and more, making it easier to realize donors’ intentions and thereby activate legacy giving."

This content was produced with the assistance of AI translation services.