PRIVATE TRUST SERVICES
Trusts
A Trust is a legal arrangement where one party (the ‘Settlor’), transfers assets to another party (the ‘Trustee’), for the benefit of another party (the ‘Beneficiary’). The main purpose for establishing a Trust is to transfer the ownership of your assets to ensure that they are protected for your intended beneficiaries.
Why establish a Trust
• As part of your overall estate planning, you may need to protect against unwanted claims against your estate.
• To keep property or assets in the family for use by future generations. You may have a family property that you wish to be retained to provide for future generations of your family.
• To provide protection from risks associated with business for example bankruptcy.
• Relationship property planning
Structure of a Trust
