Offshore trust formations have the primary
provision which stipulates that the legal right
to handle the trust assets is distinct and
separate from the right to benefit from them.
Some important points to note about offshore
trust formation is that they can irrevocable or
revocable, discretionary or fixed.
Furthermore,
the most common offshore trust form is the
discretionary trust. There are some very
important guidelines that govern the formation
of trusts and these must be highlighted clearly.
If you choose a good offshore company advisor to
help you with an offshore trust formation, you
can benefit from excellent opportunities for
estate planning. This is because they should know exactly
how to properly use offshore trusts and
foundations in order to obtain the maximum
benefits from them.
The company you choose should help you with a detailed needs
analysis, clearly formulated objectives and a
thorough assessment of all the parameters
involved in establishing an offshore trust.
The
fact is that there are many factors that need to
be considered when setting up an offshore trust.
As a result, it is imperative that you obtain
advice from a reputable company. This is because they should have the
knowledge, experience and expertise in the field
of offshore trust formation. Most are specialists
in offshore trust formations in the British
Virgin Islands, Jersey and Guernsey and are able
to facilitate and streamline the entire process
of forming an offshore trust. For more
information on how we can assist you with
offshore trust formation, get in touch with an expert today.