Trusts are flexible instruments that can be designed to meet your personal, family, and/or business needs. We can structure and administer a wide range of trusts to suit your individual needs and circumstances.
Here are just a few examples of the types of trusts we offer:
- Discretionary Trusts
- Fixed Interest Trusts
- Accumulation and Maintenance Trusts
- Reserved Powers Trusts
- Private Trust Companies
- Sharia-Compliant Trusts
The information below is intended as an overview only. Arrangements are tailored to suit each client's individual needs and requirements.
A discretionary trust could be suitable if you are unable to predict the needs of your chosen beneficiaries or you cannot name individual beneficiaries (such as unborn grandchildren).
With a discretionary trust, your trustee has a large degree of discretion to exercise their own judgment as to the investment of the trust fund as well as the timing, manner and amount by which your beneficiaries might benefit.
Fixed Interest Trusts
A fixed interest trust allows you to specify exactly who should benefit from the trust and the manner in which they should benefit. The trustee, therefore, has very few, if any, discretionary powers reserved to it under the terms of the trust.
A fixed interest trust may be most suitable if you wish to distribute the income generated from trust assets to a particular person during his or her lifetime (for example, your spouse), but you would like the eventual beneficiaries of those assets to be other persons (such as your children).
Accumulation and Maintenance Trusts
An accumulation and maintenance trust is typically used to benefit a particular group of beneficiaries, such as grandchildren. This arrangement is often partly discretionary and partly fixed, with the trustee (depending on the terms set out in the trust deed) being given relative freedom to make decisions in the best interests of your beneficiaries prior to them reaching a certain age.
Reserved Powers Trusts
A reserved powers trust may be suitable if you wish to retain a degree of control over how your assets are managed, such as decisions affecting investments and addition and removal of beneficiaries.
This type of trust may also be ideal if your primary objective is not mitigating tax liabilities.
Private Trust Companies
A private trust company (PTC) is a company which acts as a trustee and the PTC can be owned by you or more usually be owned by a "purpose" trust that we administer. A PTC may prove most useful if your family wants to create one or more trusts for various purposes, such as:
- Owning real estate, aircraft or yachts
- Consolidating the administration of various family trusts
- Owning commercial shipping or airline assets
- Structuring interests in private family mutual funds or private equity investments
- Owning separate closely held interests in a family business
- Coordinating your family's philanthropic plans and objectives
A PTC can also offer you greater control as you, close advisors and family members may serve on the board of directors of the trust company or have trusted advisors on the board to operate it.
If you wish to include relevant aspects of Sharia law in your succession plan, a Sharia-compliant trust can allow you to adhere to your Islamic faith while effectively preserving and transferring assets to your heirs.
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