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The Trust is one of the most flexible instruments available in the financial services landscape and is essential in creating various strategies for asset protection, estate planning, and privacy benefits. Turnstone provides a full range of trustee services, administration of portfolio of investments, and assets in trust.
The flexibility and protection afforded by trust arrangements are such, that they have become an important part of long term wealth management.
The legal arrangement, known as a trust, has been around for at least several hundred years. In fact, it is an Anglo-Saxon concept and its origins can be traced back to the medieval times, and appears to have arisen after the arrival of William the Conqueror in England from Normandy in 1066.
Every trust has certain essential characteristics. A trust is typically in the form of a written trust deed. The establishment of the trust enables the settlor to transfer certain assets to the trustee, and the trustee will hold those assets for the benefit of the beneficiaries. A trust may therefore be defined as an equitable obligation that binds the trustee to hold, and deal with, the trust assets for the benefit of the beneficiaries, in accordance with the terms of the trust. Acting as a licensed trustee, Turnstone administers the trusts assets and distributes them to the beneficiaries in accordance with the terms of the trust deed and the proper law of the trust.
Using creative trust strategies, the planning opportunities for achieving tax savings and asset protection advantages are unlimited, e.g.:
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family assets are preserved for succeeding generations |
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an important tool in international income, asset protection and estate tax planning |
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used by businesses for employee benefit plans, retirement and stock option schemes, insurance plans and special financing arrangements |
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maintaining confidentiality, private relationship with no or limited public disclosure |
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improved protection of assets against claims of third parties |
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tailored to specific family requirements |
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recognised in all Common Law jurisdictions |
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increasing recognition in important Civil Law jurisdictions |
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