Trusts

Setting up a trust is not only for the wealthy. It is for anyone who wants to preserve the value of their assets and protect them from unnecessary taxes.

Companies and individuals transfer their assets to the shelter of a trust for one or more of the following reasons:

Emigration: Many jurisdictions levy tax on the worldwide income of their residents; the establishment of a trust can avoid this charge.

Probate: Many jurisdictions levy an estate duty on the assets of the deceased, which must be paid before the assets can be transferred to beneficiaries. A discretionary trust not only avoids this levy but also saves legal, accounting and valuation fees usually incurred in valuing assets, obtaining probate and paying duties.

Asset Protection
: Those who are exposed to claims on their savings because of their work, typically Directors, may use trusts to protect assets.

Tax Minimisation: Anyone living in a high-tax jurisdiction may be able to place their assets in a low-tax jurisdiction held by a trust.

Family Organisation: This includes all of the above and is a very popular reason for creating a family trust. A settlor ensures the whole family has the use and benefit of family assets, and future generations are secure

Charitable Purposes: Many families set up foundations for the advancement of charitable purposes.

Our advice may save you and your estate hundreds of thousands of dollars and a lot of heartache. To arrange a meeting with one our Trusted Advisers please contact us at client.services@imperium-capital.biz or start a chat.

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