Frequently Asked Questions

What is a Trust?

A Trust is a legal arrangement between yourself and a Trustee where the legal title to your assets is transferred from yourself to the Trustee.

The Trustee holds the legal title of these assets on your behalf, exclusively for the benefit of your beneficiaries in the Trust.

A trust has been commonly used as a tool for asset protection, avoidance of probate, tax-efficiency purposes, and to determine how an individual's property should be managed and distributed while that individual is alive or upon their death. 

Who are the parties involved in a Trust?

Settlor - An individual or entity that establishes the Trust who legally transfers the control of assets to the Trustee  

Protector - An individual or entity appointed to direct and guide the Trustee in their administration of the Trust

Beneficiary - An individual or group of individuals for whom the Trust is created for, who stand to benefit from the Trust according to the intentions of the Settlor

Investment Advisor - An individual or entity appointed to oversee the management of the assets held within the Trust

What is the role of the Trustee?

A Trustee holds a fiduciary duty to carry out the wishes of the settlor for the benefit and advancement of the beneficiaries of the Trust.

Their role is to manage the Trust assets on your behalf while you are alive and upon your death. They handle the day-to-day administration matters, ensure compliance with laws and regulations, and make decisions regarding the investments and distributions from the Trust.

What type of assets are allowed to be placed within a Trust?

Almost all forms of property can be placed within a Trust, such as:

  • Cash

  • Investment Portfolios

  • Life Insurance Policies

  • Residential / Commercial Properties

  • Private Investment Companies

  • Operating Companies

  • Art Pieces

Is there a minimum value of assets to be placed within a Trust?

The creation of a Trust has generally been associated with the wealthy. However, they are versatile instruments which can be used for a variety of purposes to achieve specific objectives. 

Accordingly, there is no minimum amount of assets that we would require to be placed within a Trust.

What are the fees involved in creating a Trust?

We believe in a transparent pricing policy, and offer clients a flat-fee that is determined at the onset of our relationship.

The fees involved in the establishment and maintenance of a Trust is annual of nature and dependent on the following factors:

  • The type and value of assets placed within a Trust

  • The expected level of activity of the Trust

  • The associated risks and general reporting requirements of the Trust