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The most widely used vehicle for assets
protection is a Trust. A variety of assets including immovable
can be held in a trust. We assist you to protect your wealth and
assets and save estate duty.
• We believe in rendering the most practical legal solution to
suit the business world.
• Confidentiality is our top priority and we are best equipped
to preserve it.
• Integrity is in our Blue print, in all that we say, we do.
• We do recognize that team work brings discipline to the firm.
Private Trust Company
Powerful families whose wealth is substantial, diversified and
international may already have structured their affairs with a
reputable trust provider, and then find that administrative and
legal costs of running the structure exceed expectations.
Because of the often discretionary nature of such structures,
the family may feel that the professionals who are administering
the structure add unnecessary complexity, increase
administrative burden and benefit themselves from
ever-increasing fees and profits.
An innovative concept in such circumstances is to consider the
possibility of setting up a private trust company: a team of
advisors and officers, employed rather than engaged, truly
independent and dedicated to the family, seeking flexible ways
to protect the family’s assets. At EFS we can assist in setting
up a private trust company which can be entirely owned by the
family and can provide fiduciary and wealth management services
dedicated solely to the family for the generations to come.
There are numerous benefits in setting up such a vehicle:
• It affords the family additional supervisory control over the
assets, which is often left to the discretion of the independent
trustees in traditional trust setup.
• It can enable the operating family business itself to be held
in trust.
• It may encourage family members to become more hands-on in
managing the family’s interests, and foster the family’s
inherent wealth creation capabilities.
• It can be used as a training ground for younger family members
who may be important to some families where the matriarch and/or
patriarch wish to cede control gradually whilst being able to
supervise such a transition.
• It can itself select the most qualified outside investment
managers in each asset class. This safeguards independent
advice, because the private trust company has no vested interest
in selling its own financial products.
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