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Benefits of establishing a trust fund:
Over the past ten years, entrepreneurs have increasingly decided to establish an international trust. Why is the question of opening a trust fund so popular today? In this article we will talk about trusts, consider their advantages, how they work and who is included in them.
A trust is a special form of property contractual relationship, when the owner of an asset transfers ownership to the trustee. In the process of creating a trust, three parties take part:
If you decide to register a trust fund, please note, a trustee is responsible for the management, investment, distribution of assets in accordance with the terms of the trust agreement.
In this article, we would like to focus on registering a trust fund in the United States. Advantages of American trusts:
When opening an American trust fund, remember, that such a trust can own foreign assets, that belong to several foreign legal entities. If the legal entity has an account with a foreign bank, then it will require a CRS report.
Delaware and South Dakota are now considered highly prestigious jurisdictions among international clients. Also, interesting is the option of establishing a trust in Florida or Alaska.
US law places particular emphasis on the confidentiality of trusts. For example, in the Delaware Shuttle, trust agreements are not registered to ensure a complete confidentiality of the participants in the trust.
This article has been prepared for informative purposes. A reader can sort all questions out together with IQD Consulting experts, ordering legal advice on the establishment of an international trust fund.
Our specialists are ready to help you by providing legal support in registering a trust fund, as well as support, when working with trusts.
To find out more detailed information about our services, and to order legal advice on the establishment of a trust, leave your application through the feedback form, or contact us right now.