Trust Formation
There are varied forms of trust but, in essence, a trust is a concept developed over hundreds of years derived from British law (Common Law) whereby a Settlor (the trust creator) wishes to place assets in the name of a second party (the trustees) to hold for a third party (the Beneficiaries) to enjoy . The trustees do not derive benefit from the assets. They hold and administer them solely for the benefit of the beneficiaries, who may be specifically named or drawn from a nominated group such as children of the Settlor.
Trusts can be established for a variety of reasons and the terms of a trust deed can be very widely drawn to provide maximum flexibility in the achievement of the desired objects of the Settlor.
Although there are common strands to providing trust services each trust is individually designed to suit a client’s own requirements and as such is specific to that client. For that reason we need to have a dialogue with potential clients to establish their aims.
We have a team of experienced and well qualified trust administrators who will ensure the trust is managed in a fair and proper manner in compliance with the trust deed and the regulatory framework in which we operate.
Further Trust information:
