Mirae Asset Securities Launches "Asset Succession Trust Solution"

Mirae Asset Securities announced on September 30 that it has launched the “Asset Succession Trust Solution,” a customized inheritance and gift service designed for the senior generation and high-net-worth individuals.

This solution focuses on simplifying complex inheritance procedures and supporting the stable transfer of assets through tax-saving strategies. It offers comprehensive consulting services through a team of experts, including tax accountants, real estate consultants, trust consultants, and private bankers. Since asset succession requires complex decision-making regarding advance gifting, asset disposal, and tax-saving strategies-beyond simply drafting a will-professional consulting is essential.

With the Mirae Asset Securities Asset Succession Trust Solution, clients can receive customized planning tailored to their family circumstances. Trusts allow for flexible designation of beneficiaries and setting of payment conditions, enabling detailed planning for various situations such as: ensuring living expenses for minor children left alone; handling inheritance procedures for children residing overseas; or making conditional gifts to children while retaining direct management of the assets.

In addition, this solution can help prevent potential disputes under the current will system. Wills can be damaged, forged, or forgotten by heirs, and during the distribution process, some financial institutions or registry offices may require unanimous consent from all heirs, rendering the will ineffective. By using a trust, the trust company can immediately transfer the trust assets according to the contract once the death is confirmed, thus streamlining the inheritance process. If necessary, clients can also opt to use only the “will storage service.”

Tax-saving strategies can also be established. In the case of trusts for people with disabilities, as stipulated by the Inheritance and Gift Tax Act, it is possible to further reduce the taxable base by up to 500 million won in addition to the personal gift deduction. Other tax benefits, such as tax exemptions for donations to public interest organizations in the fields of religion, healthcare, education, and welfare, are also equally applicable to trusts.

A representative from Mirae Asset Securities stated, “Mirae Asset Securities has a competitive edge in asset management by offering a variety of private placement and proprietary products, and we have eliminated post-execution fees for inheritance planning. We aim to establish ourselves as a leading securities company in the market going forward.”

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