TRUSTS             

When there are international investments, Trusts play a vital role in structuring the needs of individuals and families. The Trust helps to effectively protect, grow and transition wealth. It is particularly helpful where there may be political instability in the home country. Trusts are flexible and so are essential in international and cross-border planning.

 

How we can help with the structuring of your family's affairs:

  • Structuring international affairs to ensure arrangements are effective and well planned
  • Ensuring that the Trust is structured in such a way that it provides effectively for future generations of your family
  • Planning the investment strategy relating to the assets of the Trust
  • Drafting of the Trust documents to ensure they meet the long-term aims of the family and the individual family members
  • Drafting legal documentation in line with the family constitution
  • How we can help with administration of the Trust
  • Administering the Trust on a day-to-day basis
  • Ensuring that the Trust is administered in accordance with the Trust instrument as well as good governance principles
  • Oversight of the investments and assets of the Trust
  • Ensuring the assets are properly acquired in the Trust and that all decisions are properly supported with the necessary Trustee decisions
  • Preparation of Trust Accounts and regular reporting where required

 

How we can help with governance:

  • Holding regular Trustee meetings and preparing relevant board packs and discussion documents
  • Ensuring that Trust administration is undertaken in accordance with good governance principles
  • Provision of regular feedback to the relevant parties

Next: Isle of Man Foundations

 

When there are international investments, Trusts play a vital role in structuring the needs of individuals and families.  The Trust helps to effectively protect, grow and transition wealth. It is particularly helpful where there may be political instability in the home country. Trusts are flexible and are essential in international and cross-border planning.

On the neuroscience of trust:
"Experiments show that having a sense of higher purpose stimulates oxytocin production, as does trust. Trust and purpose then mutually reinforce each other, providing a mechanism for extended oxytocin release, which produces happiness."
Paul J Zak; https://hbr.org/2017/01/the-neuroscience-of-trust; April 2017