Trusts overview
In a world of social change and increasing legislation the advantages of
offshore fiduciary services become relevant to an ever growing number of
individuals.
An estate may be intended for the benefit of future generations rather than the
enrichment of present day heirs. Potential tax exposure demands care in timing
the devolution of wealth from one generation to the next and may necessitate
dealing with assets in several jurisdictions.
Similarly planning in relation to capital taxes may require judgement in
choosing the appropriate jurisdiction from which assets are owned.
Trusts when properly utilised can protect assets from taxation, expropriation,
matrimonial dispute, extravagance - or naivety of an inexperienced beneficiary.
They can be particularly useful to individuals changing their jurisdiction of
residence, enabling them to become a "new born" tax payer.
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