A trust is one of the most flexible instruments that gives you access to tailor-made solutions and peace of mind in knowing that your wealth is being managed, protected and kept confidential. It is the legal relationship created during one’s lifetime or on death by a person, the settlor, when assets (which include immovable property) have been placed under the control of a trustee, for the benefit of a beneficiary or for special purposes.
Confidentiality
Trusts, unlike a will, contract or company statute, are not registered with any public authority.
Asset Protection
Assets will be protected against future creditors and personal liability lawsuits, whilst you will continue to enjoy all the benefits pertaining to them.
Protection of Family Members
A trust allows you to hold property for minors or for persons incapable of managing or owning it themselves. As trustee, the Bank would not be influenced by the subjective emotions and feelings that a family guardian, an executor or an attorney might be plagued with. Decisions regarding the estate would be taken in a more objective and hence impartial manner, thereby respecting the interests and wishes set down in the trust deed by the settlor.
Estate Planning
You can decide how and when your family will inherit your assets. We will take care of simplifying your estate administration and you will avoid the lengthy and costly succession procedures for your family upon your passing away.
Succession Tax Planning
Immovable property which is settled/acquired in trust, does not form part of your estate any longer and will therefore not be subject to any succession tax upon your demise. The property may be held in trust primarily for yourself (the settlor) throughout your lifetime and thereafter for your children and grandchildren.
Flexibility
As a trust is highly versatile and can be structured to meet your specific needs.
Retirement planning
A Trust can be the perfect solution to manage the savings of a working life and let the beneficiary to have a good retirement period.