TRUST FORMATION & ADMINISTRATION

Century Trustees Ltd. offers advice on the formation and administration of various kinds of Trusts according to your particular needs.

Some basic details are outlined below:

The Concept

Ownership of the asset is transferred from the owner (settlor) to the Trustees; they become the owners of such assets. The settlor is therefore not the owner of those assets, which no longer form part of his/her estate.

The Trustees will then deal with the assets in accordance with the provisions set out in the trust deed. These will have been discussed prior to the inception of the trust and will be geared to cater for the settlor's specific circumstances.

The Advantages:

The deed is a confidential document that does not need to be lodged with any registrar.

Structured and regulated method for assets to devolve to and for the benefit of defined beneficiaries.

There will be no need to grant Power of Attorney to unregulated third parties, which can prove to be risky and unworkable from that which was originally intended.

Tax planning can help ameliorate taxes on the transfer of wealth, in particular, inheritance tax.

The Safeguards

There are various ways in which safeguards can be built into the Trust Deeds -  one example being the appointment of a Protector.

A  Protector  is a trusted friend or advisor whom the trustees would need to consult for important decisions as laid down in the Trust Deed.

Below are examples of some of the trusts administered by Century Trustees Ltd:

Discretionary Trust

Will Trust

Life Interest Trust

Charitable Trust

  Retirement Annuity Trust Schemes (incl. RATS)

Occupational Pension Schemes

For more detailed information please click here