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. In turn, the Trustee holds these assets on your behalf, exclusively for the benefit of the beneficiaries of the Trust.
A trust is often used as a tool for succession planning, asset protection, and tax-efficiency purposes.
A Trustee holds a fiduciary duty to carry out the wishes of the settlor for the exclusive 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 day-to-day administration matters of the Trust, ensure compliance with laws and regulations, and make decisions regarding the investments and distributions from the 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 the administration of the Trust.
Beneficiary – An individual or group of individuals for whom the Trust is created, who stand to benefit from the Trust according to the intentions of the Settlor
Investment Manager – An individual or entity appointed to oversee the management of the assets held within the Trust.
Almost all forms of property can be placed within a Trust, such as:
- Investment Portfolios
- Life Insurance Policies
- Residential / Commercial Properties
- Private Investment Companies
- Operating Companies
- Art Pieces and Artifacts
Trusts 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 would be required to be placed within 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 in 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