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What is a trust?
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A Trust
is a unique arrangement which allows an individual (the ‘Settlor’) to transfer assets to a third party (the ‘Trustee’) to be administered for the benefit of persons (the ‘Beneficiaries’) chosen by the ‘Settlor’ strictly in accordance with the provisions of a document (the ‘Declaration of Trust’).
A trust is one of the most secure and flexible financial planning vehicles available today, particularly when established offshore.
A trust allows the Settlor to make long term plans for the distribution of wealth after his, or her, lifetime. By transferring assets into a trust the Settlor can ensure that the management of the assets will not be interrupted on death, by probate, or other formalities since the trust assets will continue to be held and administered by the Trustees in accordance with the provisions of the Declaration of Trust.
Please contact us for more information about Trusts.
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