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
Structure of an International (Offshore) Trusts
The settlor is the person who transfers his/her assets to
trust (to a trustee for the benefit of the
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)
The trustees must operate in the best interest of the
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
for all transactions.
A trustee is entitled to make reasonable charges.
A trustee’s actions are strictly controlled by law.
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
Some settlors appoint a Protector (often a professional advisor
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
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