Trusts and Foundations – Assets Protection
We setup Trusts / Foundations in Malta, Gibraltar, Cook Island and Bahamas.
Trusts A vehicle with many advantages
Trusts are a way of holding and managing assets. They are extremely flexible, and tried and tested over the centuries.
You can use a trust to protect, enhance and pass on assets for current and future generations. And with careful planning and expert advice, a trust can perform a range of valuable functions.
What are the benefits of a Trust?
One of the benefits of a trust is that the with the transfer of the assets to a trust, the assets and possible future returns become subject to the legal and tax regime of the jurisdiction where the trust is located.
A trust can govern your estate for up to one hundred years, and within this timeframe all involved, including banks, are subjected to strict secrecy laws.
What are the main types of Trusts available?
There are four common types of trusts:
- Private trusts: set for private individuals and their estate
- Corporate trusts: Including pensions and employee benefit trust
- Charitable trusts: Set up exclusively for the benefit of charitable organizations
- Purpose trusts: trusts that are designed for a specific reason
Examples of how you can benefit from setting up a Trust:
- Protect your private fortune from unrighteous claims
- Manage profits and pension funds
- Manage how your heritage will be spent
- Shield yourself from excessive taxation
Foundations A useful alternative to a trust or company
Foundations have similar features to trusts and companies, and can be useful in jurisdictions that don’t understand or recognise trusts.
They’re also worth considering if your particular requirements can’t be met through a trust or company.
As a legal entity, a foundation is registered officially, like a company, and carries with it some of the benefits of a company, especially when entering contracts and agreements.
A Foundation is an entity that is different from any other legal entity known in Anglo-Saxon Law. It is not the legal personification of a person or group of persons (as with a corporation), rather it is a legal entity that does not have owners (shareholders, participants, or partners). A foundation traditionally has a specific purpose for the benefit of a certain group of individuals or charity.
When a Foundation is set up, an entity is created that stands on its own. The assets will be owned by the Foundation, and nobody can lay claim on them anymore. They are safe.