Trust and Foundation

Trust and Foundation

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INTERSHORES I Benefits And Structuring Possibilities Of A Trust

Trust is a fiduciary arrangement that the settlor transfers the assets to the trustee, and the trustee holds and manages the assets for the beneficiary according to the wishes of the settlor and the trustee can arrange the property effectively to the designated beneficiary. It works on dual ownership concept whereby the legal title is vested in one person (a trustee) and beneficial ownership vested in another (beneficiary). It is a popular vehicle and delivers much advantage. Components of a trust Settlor - a person who transfers rights and possession to the property owned by him. Protector (optional) - a person who guides trustees in carrying out their duties as settlor...
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INTERSHORES I What is Labuan Foundation ?

Labuan Foundations, which is a statutory creature under the Labuan Foundations Act 2010 (LFA), are generally no different from foundations found in other jurisdictions where it is a separate legal entity that holds assets with the objective of managing the assets for the benefit of a class of persons on a contractual basis. Labuan Foundations are also typically used for private wealth management and charitable purposes. Labuan Foundations are in some aspects different from other jurisdictions such as Bahamas, Jersey and Seychelles. The following paragraphs discuss some similarities and certain distinctions. Registered Office. Similar to the Bahamas and Seychelles, Labuan Founda...
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INTERSHORES I Factors in Selecting the Choice of Jurisdiction for Trust

Key Factors to Consider Selecting the proper jurisdiction for the Offshore Trust is a matter of critical importance. As a general rule, the jurisdiction should have a well-established trust law favorable to asset protection strategies. Further, it should be inconvenient or nearly impossible for a creditor to reach the assets of the trust by commencing an action in the foreign country.  Consider the following factors when selecting a jurisdiction for an Offshore Trust:   Ease of Communications Communication with the foreign trustee must be convenient. Fortunately, the use of e-mail and fax as well as improvements in telephone technology have made communication with even the most...
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