ago 14 2009
Trusts
Offshore Trusts
A product of common law dating back to the Middle Ages, the trust has evolved into the most widely used estate planning structure for high net worth individuals.
In simple terms, a trust is a legal relationship which is created when you (the settlor) transfer ownership of certain assets to another person or company (the trustee), such as Fidelitas. The trustee then manages and administers those assets in the best interests of other persons (the beneficiaries) which may also include you.
As you have separated yourself from the legal ownership of your assets, they no longer form part of your personal estate. This arrangement provides a number of benefits including greater confidentiality, asset security and perhaps an opportunity to mitigate your tax liabilities. While the trustee may be the owner of the assets held in trust, under law, only the beneficiaries can derive any economic benefit from them.
There are a number of different types of trust, including those that allow the trustee complete discretion over decisions made in relation to the trust, to those where you, or other persons chosen by you, can retain certain powers.
Learn about offshore trusts and our services:
» Offshore Trusts Overview
» Different types of Offshore Trusts
» Why choose Fidelitas Corporate as your Offshore Trusts Provider?
» How to set up an Offshore Trust
