International (Offshore) Trusts

A Trust is a legal relationship through which the owner (called Settlor) of certain assets transfers these assets to an independent third party (called Trustee). The Trustee, in turn, is legally bound to maintain and manage these assets for the benefit of another person or group of persons (called Beneficiaries).

Structure of an International (Offshore) Trusts            

Settlor                                                                          
The settlor is the person who transfers his/her assets to establish the
     trust (to a trustee for the benefit of the beneficiaries).
Can be an individual or a Corporate Settlor
Settlor can make additions to Trusts Fund
The name of the Settlor is not available on public records
Settlor can be beneficiary (but not sole beneficiary)

Trustee                                                                       
The trustees must operate in the best interest of the beneficiaries, and
     breaches their legal duty if they fail to exercise a sufficient level of care.
The trustees must obey the directions in the trust deed and must account
     for all transactions.
A trustee is entitled to make reasonable charges.
A trustee’s actions are strictly controlled by law.

Beneficiaries                                                               

Minimum one beneficiary is required
A settlor can be a beneficiary (but not sole beneficiary)
Addition or removal of beneficiary is permitted
Corporate beneficiaries are allowed

Protector                                                               

Some settlors appoint a Protector (often a professional advisor known to
     the settlor or close member of family) to oversee operations of the trust.
While a Protector does not control a trust, the Protector can be given veto
     power on certain trust decisions – the addition or removal of a beneficiary
    by the trustee. A Protector may also be given power to remove or appoint trustees.
Appointment of Protectors is optional
The powers of the Protector are given in the trust deed and Letter of wishes
There can be more than one Protector