Uses of Trusts

​

Asset Protection & Confidentiality

​​The trust can enable the minimising of reporting requirements or declaration of beneficiaries. When set up in accordance with relevant creditor protection laws it enables the protection of the trust's funds.



International Tax Planning

​​In certain cases, and taking into account the residence of the settlor and beneficiairies, a trust is an efficient tax planning tool for income, capital gains and estate tax planning.



Estate & Succession Planning

In certain jurisdictions, a trust can ensure the distribution of assets to beneficiairies, including to minors and disabled individuals, which would not be possible under local heirship laws.



Continuity

​The trust can be used for laying the guidelines and allocating decision powers after the death of the settlor, or in the event of disability of the settlor. This ensures asset preservation, separation, clearly allocates decision powers, management and safeguard of the assets over several generations.