OFFSHORE
TRUST
A trust is created
when a person (the settlor) transfers assets to a trustee. The trustee
will care for and dispose of the assets in accordance with the Trust
Deed and possibly a Letter of Wishes provided by the settlor. The beneficiaries
of a trust are the persons described in the Trust Deed who may benefit
from the trust.
MAJOR ADVANTAGES:
By moving his/her
assets to an offshore trust, the settlor can divest him/herself of ownership
of the assets. These assets could be money, real property, company shares,
movable or immovable assets or even intellectual property rights.
Confidentiality and flexibility.
In many jurisdictions a trust deed is not registered with any tax authority
or government authority and is therefore a private agreement between
the parties.
Normally there is no requirement to file the accounts of a trust or
to have them audited by an independent auditor.
KEY MOTIVATIONS
AND USES:
- Wealth protection
for future generations
- Controlling succession
of ownership for family businesses and wealth
- Fear that children
or others may dispose of assets or manage them unwisely
- Tax planning
- Flexible estate
planning
- Avoiding disruption
on death
- A settlor wishing
to protect him/herself and his/her heirs from unrest, political risks
and future claims
Contact
us today! No commitment required until you are ready to proceed
with your structure.
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