Numerous families have been depending on trusts towards preserving and managing their wealth.
Distinct to the corporate vehicles, the dearth of rigid formal necessities for the creation as well as process of trusts is what make trust to be unique and useful for estate as well as succession plans.
To its simplest connotation, a trust denotes an arrangement where the property or the assets are handed over from one person, called the ‘settlor,’ to another individual who is a ‘trustee’ to be in a position of holding the property with the benefit of the quantified list or class of individuals (the ‘beneficiaries’). One of the main practical advantages of the trust is vivid from the distinctions which are attained from the formal or legal owners of the property, the trustee, and those individuals who have the use or advantage of the possessions, the beneficiaries.
Furthermore, a trust may be formed solely through a verbal agreement; however, it is customary for the written deed (‘trust deed’) towards being inscribed. It is vital that a trustee remains independent as well as exercises proper controls over the trust possessions.
We provide high level independent Trusts & Trustee services for both private and corporate clients. Our aim is to offer a range of solutions for the management of assets and wealth, or for holding shares and ensuring confidentiality when necessary.
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