SUBSCRIBE TO OUR NEWSLETTER
In the world of International tax planning, the trust formation is popular. A trust offers the possibility to separate your business assets from your private assets, and have those assets managed on behalf of a beneficiary or charity.
When you decide to set up a trust, you can benefit from all the features of this asset protection tool and the jurisdiction that it is in. You will be able to allocate your funds and assets according to your wishes.
A trust is created by a settler who transfers some or all of his property to a trustee, who holds those trust assets for the benefit of the beneficiaries. The trustee owes a fiduciary duty to the beneficiaries, who are the “beneficial” owners of the trust property. There may be a single beneficiary or multiple beneficiaries. The settler may himself be a beneficiary. A trustee can be a natural person, or an artificial person.