Establishing a trust is often a useful method of centralizing control of your assets during your lifetime. You may wish to establish a trust for your heirs or for your own benefit. The method you select to pass your assets onto your heirs can make all the difference in your tax position.
Trusts are a means both of reducing tax liability and of simplifying inheritance.
We work closely with you and your advisors to decide how your assets are to be managed, to whom the income and capital are to be paid and when, and to whom you wish the assets to pass on for final distribution. In the meantime, these assets can be invested and managed on an international basis. Confidentiality is the key benefit of a trust, since trusts achieve many of the objectives normally covered by making a will, but without the necessary statutory and public disclosure. If it is not practical for your assets to be held in trust, it may be more appropriate to distribute them by way of a will. Where appropriate, our Firm can secure the appointment of an executor under the terms of a suitable will.