Nonghyup Bank Relaunches Comprehensive Will Substitute Trust

Stable Asset Succession Without a Will Now Possible
Lower Entry Barriers to Enhance Customer Accessibility

NH Nonghyup Bank announced on May 12 that it has relaunched the 'NH SarangTHE Comprehensive Will Substitute Trust,' which enables stable inheritance of assets without the need for complicated procedures such as drafting a will or notarization.

This product is designed so that customers can designate themselves as beneficiaries of assets such as cash, real estate, and securities during their lifetime, and have these assets transferred to family members or third parties designated as beneficiaries after their death, all through a trust agreement. In case of emergency needs such as hospital expenses or living costs, interim withdrawals are also possible.

In particular, with this renewal, the minimum subscription amount has been significantly lowered?from the previous 300 million won to a combined total of 100 million won for non-cash trust assets, and to 50 million won for cash?greatly improving customer accessibility.

A representative from Nonghyup Bank stated, "This product will be suitable for customers who wish to transfer their valuable assets safely and conveniently," adding, "We will provide a systematic and stable inheritance plan that can serve both high-net-worth individuals and the mass affluent."