Frequently Asked Questions - Offshore Trust Formation
Offshore Trust Formation
Because of its flexibility, a trust can be used to perform many different functions: to minimise or avoid tax liability, to facilitate lifetime financial management, to protect assets, to preserve family wealth, to ensure continuity of a family business, to donate to charities, to negate forced heirship laws, to create a pension scheme for employees or dependents.
Since medieval times, the trust has been used as a structure to avoid inconvenient and rigid common law rules, especially with respect to property law and taxation.