TYPES OF TRUSTS
Trusts are inherently flexible. They can take many legal forms and have multiple practical applications. The following legal forms are among the most commonly encountered:
WHERE TO ESTABLISH A TRUST
There are a number of different countries worldwide that have enacted trust legislation but the quality and suitability of that legislation can vary. When selecting the best jurisdiction for establishing a trust it is important that it should offer:
Some jurisdictions are not recommended due to legal or political uncertainties or because their courts or professionals have limited trust experience. Other jurisdictions, whilst being noted for their expertise, have not kept pace with the modern trust legislation that offers additional benefits and protection to trust assets or are unsuitable because of high tax regimes.
Sovereign generally recommends that Gibraltar, Hong Kong, Guernsey, Malta, Singapore, Cyprus, the United Kingdom and the Isle of Man are among the best available options and Sovereign is fully licensed to act as professional trustees in all these jurisdictions.