Estate Planning as a Career

A Trust is a relationship created by a “settler” whereby during his lifetime he transfers assets to a “trustee” for the benefit of another person or class of persons called “beneficiaries”.

The Trust Deed is a written instrument or contractual agreement which sets out in detail the duties of the trustee, the names of the beneficiaries and the assets which are the subject of the trust. It enables the settler to make confidential provisions for himself or his family in a tax efficient man (more…)

Trust an entity created for the purpose of protecting and conserving assets for the benefit of a third party, the beneficiary- A contract affecting three parties, the settler, the trustee and the beneficiary.

Trustee is a person totally independent of the settler who has a fiduciary responsibility to the beneficiaries to manage the assets of the trust at the best of his or her ability. The trustee reporting requirements shall be defined at the outset in a fiduciary or Treuhaender contra (more…)