|
Trusts Internacionals
_________________________________________________________________
Families and individuals who possess big fortunes often face extremely complex financial and succession issues which require careful planning, proper implementation of the recommended solution and a continuous participation of the specialized managers. In this context, trusts are an excellent alternative for those who want to protect their property, who possess assets in more than one country, who have specific thoughts about whom, apropos, will get their assets, how much will be given and when they will be given.
The trusts allow a stable management of your assets, as in life as in death, in benefit of a family member that do not have the proper qualifications to manage these assets.o
In legal terms, the trust is a legal private agreement in which the owner (settlor) transfers the property of his/her assets to an individual or a legal entity appointed by the owner as a trustee. Once appointed, the trustee shall account for the maintenance, management and distribution of these assets to the beneficiaries previously indicated, taking the necessary precautions imposed by law for the exercise of these funcions.
It can also be used by those who need confidentiality in managing their business, as well for those who want to make sure they are not affecting yields or capital gains; for those who have assets or properties with the expectation of significant growth in value, who worry about inventory fees and costs, as well as about delays in the inventory process, who worry about the risk of the currency exchange and want to protect their net assets against future lawsuits and liabilities.
The trusts can last a long period and involve a substantial amount of assets, requiring an effective management so that they can be protected and increased during the time of the trust. Thus, choosing a reliable trustee is a very important decision which deserves to be carefully analysed. Stability and experience become critical aspects of this analysis when considering the level of fiduciary responsability required from a trustee.
::: See all ther Articles here
|