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Our Expertise

Offshore Trusts

Offshore trusts often feature in the tax and succession planning of non-resident and non-domiciled individuals. They are extremely flexible vehicles that can be adapted to meet the needs of international families as members move from country to country and tax rules and family dynamics change. Trusts have many uses, including:

  • Separating control from financial benefit to protect vulnerable beneficiaries or hold the balance between the interests of different beneficiaries
  • Providing an efficient holding vehicle for business interests, the management of them and succession to them
  • Ensuring assets are ultimately inherited by the right people
  • Managing tax in multiple jurisdictions

We can help and advise on all aspects of offshore trusts including:

  • Helping you understand the nature of a trust, the powers of the trustees, control mechanisms and how the trust operates in practice
  • The establishment of trusts, family trust corporations and underlying companies, if required
  • The tax position of the settlor, the trustees and the beneficiaries, as well as planning opportunities and traps to watch out for
  • The impact of the new non-domicile rules on the taxation of settlors and beneficiaries
  • The powers of the trustees and how they can achieve their objectives
  • Appointment and removal of trustees and protectors, and associated indemnities
  • Drafting deeds of appointment and ancillary trust documents
  • Structuring the holding of businesses
  • Taxation

If you wish to speak to a member of our team and discuss how we can be of further assistance to you, please contact Marilyn McKeever, Partner, or Jonathan Colclough, Partner.