Trusts
A Trust is a form of ownership. It is recognised in common law countries which are predominately Anglo Saxon, Commonwealth and America. They enable the client to pass assets into the care of the trustees, who look after the assets on behalf of beneficiaries, until certain specified events occur. For example, a client could place an investment portfolio into a trust to be held until children reach age 25 and have achieved a university degree. A second example might be where a client places the shares of a family company into trust, so that the company is not directly affected by probate issues, which might occur around the client’s death.
Trusts can provide extremely flexible ways of managing one’s assets after one’s death.
Tax Associates International can help draft appropriate trusts and provide ongoing trusteeship for their management.
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