Follow on Google News News By Tag * Asset Protection * Offshore Banking * Offshore Company * Offshore Company Formation * Offshore Foundation * Offshore Trust * More Tags... Industry News News By Location Country(s) Industry News
Follow on Google News | Trust Formation for youTrust is still not commonly understood and popular in civil law countries. This article outlines the ways of use of a trust, as well as tips for choosing an appropriate trustee services provider.
Trusts are administered in correspondence with the existing trust law and a trust deed – a document which is created for each trust individually to represent the aims and terms of that particular trust. It includes a period of a trust duration and describes duties and rights of the parties involved in it. Often offshore jurisdictions are chosen for creating a trust, as they provide substantial tax advantages. Usually licensed trust companies with good international reputation are chosen as trustees. An offshore company is often appointed to be a beneficiary of a trust for protecting privacy and tax optimization purposes. A trust must be created professionally and correctly, in order to ensure security and good management of one’s estate and wealth. http://www.carloscevola.com/ It is advised to choose a trust company rather than an individual in a role of a trustee for the following reasons: • A trust company must have a trust license, which is a proof of its knowledge, skills and integrity; • A trust company is able to ensure continuity of a trust under different circumstances; • A trust company employs a number of individuals, who can provide diverse and professional advice for managing trust estate in the most appropriate way in different circumstances; • A trust company must have all the necessary equipment, internal procedures and controls for ensuring the most effective management of a trust. Trusts are often created by parents for their children, in order to manage family wealth in the most cost effective and professional way. In addition, trusts are used for non-profit and charitable purposes. http://www.carloscevola.com/ # # # Carlo Scevola & Partners is a fiduciary company headquartered in Geneva, Switzerland, with branches in six continents. They specialise in International planning, strategic consulting and wealth management. End
Account Email Address Account Phone Number Disclaimer Report Abuse
|
|