TRUST: SIMPLE, FLEXIBLE, COST EFFECTIVE AND YET THE MOST POWERFUL TOOL
AVAILABLE TO OWNERS, PROFESSIONALS, EXECUTIVES AND ENTREPRENEURS
TO SEE OUR TRUST SERVICES
We regularly assist Private and Business Clients in trust law. With more than 10-year experience in the international trust business we know what our Clients care for.
SOLUTIONS TAILORED TO SPECIFIC NEEDS
Bespoke Trusts only | As a Law Firm dedicated to trust law, we are committed to and take pride in providing each Client with a tailored trust structure specifically aimed at satisfying the Client needs and goals, including asset protection, wealth management, ownership confidentiality, succession planning and tax optimization.
2. GLOBAL REACH
CHOICE OF APPLICABLE LAW AND TRUST DOMICILIATION ALL OVER THE WORLD
Global Trust Services | Legal advice on the trust applicable law – i.e. the law which will govern your interests from the civil standpoint (substantive law) – and on the place of domiciliation of the trust. Through our extensive trust practice and a world net in the trust industry, we are able to meet any needs you may have.
DOMESTIC FOREIGN HYBRID TRUSTS
Domestic Foreign Hybrid Trusts | Whatever your needs are, we plan and implement the proper solution through use of domestic, foreign or hybrid trust structures.
A settlor may set up a trust fund in his own country of residence (domestic trust) when
- the country is a State or Territorial unit of a State Contracting Party to the Convention on the Law Applicable to Trusts and on their Recognition concluded in the Hague on 1st of July, 1985
- the country has its own legislation on trust (the United States of America; People’s Republic of China; a number of Arab States of the Persian Gulf; Israel; most of the Caribbean countries; and other jurisdictions around the world)
- in the country legal system a trust is recognized through judicial decisions (France; Germany; and other jurisdictions)
A settlor may transfer assets to a trust fund located oustside his own country of residence and/or avail of a trustee resident abroad (foreign trust). One or more jurisdictions amongst the trust law countries may be chosen as
- situs of the assets of the trust
- place of administration of the trust (it may coincide with the place of residence or business of the trustee)
Each solution brings about different benefits. The choice between a domestic and a foreign trust is to be taken in the light of individual needs. It is possible as well a hybrid trust if such a structure fits the Client’s interests best.
3. OWNERSHIP OPTIMIZATION WITHOUT LOST OF CONTROL
YOUR OWN PRIVATE TRUST COMPANY
Family assets transferred to a trust can be controlled by the settlor, alone or jointly with the family, through a Private Trust Company (PTC).
A PTC is a privately owned corporate trustee acting as a trustee for one or more specific trusts relating to a single family or a group of persons in respect of family assets (family trust).
Ownership and management
Control over the PTC may be exercised through direct or indirect ownership of shares. Usually family members and their trusted advisors serve on the company’s Board of Directors.
Choice of jurisdiction
A PTC can be incorporated under the law of various jurisdictions which are safe, well-regulated and favourable to private wealth.
According to the trust law providing for the PTC and other legislation, as may be relevant. Usual incorporation requirements are: proper documentation at application stage; AML compliance (e.g. appointment of one of company Directors as MLRO); adequate insurance cover. Simple and fast company registration process.
A PTC is a limited liability company (whereas an individual trustee bears unlimited liability).
Where an administrative authorization is mandatory for carrying out professional trusteeship, a PTC is either exempted from license (since it does not provide services to the general public) or subject to simplified formalities for the grant of a restricted license (for providing services to specific settlors).
Private Trust Company summary
from € 5/7 m
Effective Family Control
over the PTC
over Family Trust
Simple Change of Trustees
Administrative Costs Reduction
TRUST | CASES OF USE
ONE TOOL, COUNTLESS CONFIGURATIONS, A WEALTH OF OPPORTUNITIES
Trust law | Trust structures are succesfully and increasingly used to meet private and business needs and goals, including
WEALTH MANAGEMENT & PLANNING
FAMILY CRISIS MANAGEMENT
FAMILY OR EXTRA-FAMILIAL RELATIONSHIPS PROTECTION
VULNERABLE PERSONS SUPPORT
INSOLVENCY AND BANKRUPTCY PROCEEDINGS
AGREEMENT WITH CREDITORS
FULFILMENT OF OBLIGATIONS
MAKING TRANSACTIONS SAFE AND SECURE
INVESTMENT AND PENSION FUNDS
DEBT ISSUANCE | PROJECT FINANCE