Uses of a Trust

• Severance of ownership without losing the benefits of ownership
• Protection of assets by transferring control of them to the trustees
• Minimisation or deferral of taxation
• Holding property for minors
• Ensuring that property passes in succession
• Confidential provision of benefits to persons after the Settlor’s death

• A VISTA Trust can be set up which is essentially a trust to retain shares of an underlying company versus the typical trust for sale.
• A protector can be appointed with the power to appoint or remove trustees and include or exclude beneficiaries. The proper law of the trust may be changed as is necessary by the trustees or the protector to protect trust assets.
• A Purpose Trust can be set up for any purpose which is specific, reasonable and neither contrary to public policy nor immoral.
• The 1993 law allows a perpetuity period of up to 100 years.
• Trustees have freedom to invest funds in any kind of investment in any jurisdiction.
• Persons of full age and sound mind, under the laws of their domicile, are deemed to have the capacity to transfer their personal property to a trust irrespective of succession rights under the laws of their domicile.
• Exemption of income tax and stamp duty for nonresident beneficiaries
• Confidentiality and privacy, since all trust deeds are exempted from registration cost