Trusts date back hundreds of years and are essential in current and future tax planning. Unlike a company, a trust is not a legal entity. It is best described as a relationship or an arrangement whereby property is transferred from one person (the settlor) to another person (the trustee) who holds the property for the benefit of specified people or objects (the beneficiaries). The trust deed (the legal document) sets out the specific terms and conditions upon which the trustees must hold and administer the trust assets. The trust deed also sets out the rights and interests of the beneficiaries. A Trust can have a bank account the same as an individual or a company.
Our consultants can discuss various trusts that can ensure your hard earned assets pass to your beneficiarys. We are experienced trust administrators and can advise client on the most suitable Trust to suit their circumstances.
All trusts are drawn up by fully qualified trust solicitors and we can incorporate a Trust in most of our popular jurisdictions.
Trust Formations Limited and its affiliates do not provide tax, legal or accounting advice. Material on this page has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.