A trust is a form of ownership that separates ‘legal’ from ‘beneficial’ title. Legal ownership is vested in the trustees, whose role is to look after the assets under their care and make management and investment decisions; beneficial ownership (the rights and benefits associated with the property) is vested in the beneficiaries.
By separating the control of property from its rights and monetary value, a trust structure can address complex succession issues, and provide an invaluable tax planning tool. It also gives opportunities for creditor protection and may assist in the context of matrimonial breakdown.
We can provide advice to individuals wanting to establish trusts, to the beneficiaries of trusts and to the trustees, both onshore and offshore.
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