Trusts and their uses

Trusts have been used since mediaeval times to protect assets. Today, Mossfon Trust can provide innovative, confidential ways for you to control and protect your wealth.


Trusts enable an individual, the settlor, to transfer assets to an independent third party, the trustee, who holds and administrates the assets for the benefit of other individuals, the beneficiaries, which in some cases may include the settlor himself.

A trust arrangement is normally a written document, the trust deed, which is put in place by way of settlement, where the trust deed is signed by the settlor and the trustee.

Shifting ownership of property to a trustee whilst retaining the benefit for your intended beneficiaries creates the trust.

Mossfon Trust can provide advice and the establishment of Trusts under Panamanian Trust Law.

Trusts fall into broad categories:

• Private – including discretionary, life interest and fixed interests, accumulation and maintenance trusts
• Corporate – including retirement and employee benefit trusts
• Charitable; solely for the benefit of charitable organizations.

Trust deeds can be prepared to meet individual requirements and are generally worded to allow the trustee scope to respond to respond to changing circumstances.


Benefits associated with trusts are:

• Avoidance of inflexible inheritance laws in some countries where forced heirship is to be taken into account
• Ensuring that family assets are kept in a stable and continuing manner
• Providing for family and dependents
• Protecting the accumulated wealth of families considering political change and constraints, war and the effects of war on some countries
• Long term and life time estate planning

Often trusts are created for one or more of the above and it is often found that more than one of the benefits is included incidentally.

Mossfon Trust provide a full range of trust services, including:

• Comprehensive and professional administration on a personal and continuing basis from the establishment of settlements or trusts, acting as sole, joint or successor trustees, to the finer points of client reporting and continued liaison.
• Compliance with all aspects of the governing laws of the jurisdiction of the trust, retention and maintenance of all original documents and records to the preparation of financial statements and liaison with professional advisors.

We provide control and protection of the assets while keeping confidentiality to the fore of all that we do.


 

 

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