Publication Type
Journal Article
Version
acceptedVersion
Publication Date
9-2014
Abstract
Persons with special needs are in an extremely vulnerable position where they are potentially subject to financial abuse by criminals or other untrustworthy people. In Singapore, this concern has led to the setting up of a non-profit company called the Special Needs Trust Company (SNTC). This article traces the formation of SNTC, the infrastructure and legal documentation required for setting up such a non-profit company and how the special needs trust is currently used in Singapore. The Singapore experience may provide a useful starting point to policy makers and non-governmental organisations from other jurisdictions which may be looking into the difficult issue of managing the property of persons with special needs.
Keywords
elder law, persons with special needs, mental capacity, financial abuse, equity
Discipline
Asian Studies | Elder Law | Organizations Law
Research Areas
Public Interest Law, Community and Social Justice
Publication
Elder Law Journal
Volume
[2014]
Issue
4
First Page
419
Last Page
424
ISSN
2044-9593
Publisher
Jordan Publishing
Citation
TANG, Hang Wu.
Setting up a non-profit trust company: The special needs trust company in Singapore. (2014). Elder Law Journal. [2014], (4), 419-424.
Available at: https://ink.library.smu.edu.sg/sol_research/2324
Copyright Owner and License
Authors
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Included in
Asian Studies Commons, Elder Law Commons, Organizations Law Commons