Archive for June 2nd, 2007

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…)