Trust
Trusts are often set up with an underlying holding company for holding different trust assets. Trusts offer many benefits for private wealth management and they offer advantages and flexible mechanisms for:
- Succession planning
- Tax efficiency
- Pre-immigration planning
- Pre-IPO restructure
- Legitimate confidentiality of ownership
- Protection against forced heirship laws
- Private investment platform
Private Trust Company
Private trust companies are increasingly used in more sophisticated private wealth contexts, often in connection with trusts holding significant family assets such as family companies. In many cases, private trust companies allow family members to be involved in decision-making or, with advisers, to take an active and direct role in the control and management of the trust’s affairs.
We provide private trust solutions in British Virgin Islands, Cayman Islands, Nevis, Liechtenstein, Hong Kong and New Zealand.
Foundation
A Foundation has separate legal personality and is therefore able to hold assets, contract with third parties and can sue and be sued in its own name and capacity. There are no shareholders. Incorporation of a Foundation requires a charter and regulations. The Charter is a public document that sets out the name and objects of the Foundation. The Regulations are private and set out how the assets are to be administered and how the Foundation’s objects are to be achieved. The Foundation’s assets are managed by the Foundation’s council.