How to allow wealth to be preserved, protected and accumulated
Offshore trusts and foundations have an important role in the holding of wealth by resident foreign domiciliaries. In the right circumstances they can allow wealth to be preserved, protected and accumulated, whilst minimising or deferring the exposure to tax.
Our clients seek a number of objectives in using offshore trusts and foundations including:
- Preserving wealth against uncertainty, be it political, economic or family related
- Seeking to transfer wealth to their heirs tax efficiently
- Ensuring their wishes for their wealth are carried out rather than being subject to forced heirship rules
- Consolidating the ownership of assets owned throughout the world into one location
By carefully considering your circumstances, we can assist you in the formation, administration and management of trusts and foundations, which are frequently used in conjunction with companies and partnerships, to help you address these concerns.