A Trust is a legal arrangement whereby a settlor transfers legal possession and title of certain property to a trustee. The trustee though has ownership, cannot use the property for own benefit, but holds the property in trust for the well-being of beneficiaries. Trusts are commonly used for inheritances and succession planning for the benefit of family members.
Business succession planning is a process for identifying and developing new leaders who can succeed old leaders when they leave, retire or pass away. Succession planning helps to pass on the leadership and management of a business to another generation and guarantees the successful continuation of the well established business.
We offer the following trust and succession planning advisory services:
- Pre-immigration planning using corporations, trusts and other arrangements
- Structuring and establishment of different trusts structures
- International estate and succession planning
- Setting up trust structures for major or controlling shareholders of listed companies, advising on transfers of shares to the trust
- Advising on trust distributions, reporting, filings, operations
- Restructuring, re-domiciliation and winding up of trusts, upon expiry of tax exempt periods, emigration and change of tax residency
- Review of existing trust structures to assess exposure to and compliance with local and foreign laws and regulations