What is a Trust?

A trust is a legal arrangement where a settlor transfers property rights to a trustee, who manages, utilizes, and disposes of the trust property according to the settlor's wishes for the benefit of beneficiaries or specific purposes. Trusts have asset independence, enabling asset isolation protection, flexible management, and orderly succession. Trusts can also effectively prevent judicial piercing. There are various types of trusts, including testamentary trusts, family trusts, charitable trusts, and business trusts.

Among these, testamentary trusts are mainly used for intergenerational transfer of assets, while family trusts are more broadly used for long-term management and succession of family wealth. These two types of trusts are important tools for high-net-worth individuals in wealth planning and asset protection.

What are the advantages of a Trust?

The main advantages of trusts include:

• Achieving asset isolation and protection, avoiding debt disputes;
• Flexible asset management and distribution;
• Protecting privacy, enabling anonymous asset holding;
• Effective tax planning;
• Facilitating intergenerational wealth transfer;
• Can be used for charitable purposes;
• Meeting special needs (such as caring for minors or disabled persons).

Trusts can provide comprehensive asset protection and wealth succession solutions for high-net-worth individuals.

Establishing trusts in countries with stable governments, such as in famous offshore financial jurisdictions like the Cayman Islands, Singapore, and the British Virgin Islands (BVI), can also effectively prevent judicial piercing, making it difficult for court judgments and debts to penetrate the offshore trusts you establish.

Sans Border provides exceptional trust, family office, and estate planning services for high-net-worth individuals and families. Our expert team crafts bespoke solutions for wealth preservation, asset protection, and seamless generational transfer.

We specialize in establishing offshore trusts, managing private family offices, and creating comprehensive estate plans that optimize tax efficiency and safeguard your legacy. With our global expertise and network, we offer unparalleled strategies to protect and grow your wealth across borders, ensuring your family's financial security for generations to come.