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Incorporating a Trust with Formations House takes only ten minutes
What is a Trust?
A Trust is a legal concept, where assets, owned by an entity called a Settlor, are managed for a nominated Beneficiary by a Trustee. The Trust establishes common laws and principles between the Settlor and the Trustee, and is legally established as a private arrangement so there is no obligation to register the Trust legally.
The Trust Deed is the most important document required when forming a Trust. It is a written contract dictating the formal agreement between the Settlor and the Trustee. It will describe the duties and objectives for the Trustee in reference to the management of the Trust assets for the benefit of the Beneficiaries’.
Why Incorporate A Trust?
Trust companies offer a very valuable method of arranging your assets to minimise tax exposure, structure your estate and look after the ownership of the assets. Trusts are often tailored for a specific purpose as outlined in the Trust Deed. The purposes need not be charitable or relate solely to an individual and therefore are often used for succession planning or to protect the ownership of the asset.
Incorporating Your Trust with Formations House
Formations House offers a complete Trust incorporation package, focussing on providing a high level of anonymity for the parties involved and zero tax payable on income received to the Trust. Our Trusts are established under the guidance of our in-house Trust experts, with over 15 years of experience; using highly efficient structures we can ensure your Trust is compatible with the vast majority of common law jurisdictions.
The process to incorporate a Trust takes only ten minutes, and once incorporation is confirm you will receive:
- Certificate of Registration;
- Trust Deed (which will need to be completed and safely stored at the Trust’s registered office);
- Trust Regulations document;
- Confirmation of the Trustee’s appointment by the Settlor;
- First Resolution of the Trustees;
- Additional certified copies if required.