Trust Services

The Fort Group has decades of experience providing trust services. Our friendly and professional team are expertly placed to assist you with any matters relating to trusts.

WHAT WE DO

OUR TRUST SERVICES CONSIST OF: 

Formation Of Trust

  • Consultation

  • Preparation of trust deeds

  • Opening of bank accounts

Administration

  • Record keeping and control of assets

  • Safekeeping of securities

  • Preparation of annual trust accounts

  • Administration of assets/investments sold or purchased

  • Administration of trust contributions/distributions

  • Operation and reconciling of bank accounts

  • Any duties of an unusual or exacting nature

ADVANTAGES OF TRUSTS

TAX PLANNING

Inheritance and wealth taxes, as well as capital gains taxes can be minimised by holding the assets in a trust. Assets held in a Guernsey Trust are not taxable in the offshore jurisdiction.

ESTATE AND SUCCESSION PLANNING

Assets placed in a Trust are completely separate from a person’s estate. A Trust structure can be used to protect assets against onerous forced heirship rules which apply in certain jurisdictions. By the specific wording of a Trust Deed, a Settlor can ensure that on his death his assets will pass to his beneficiaries in accordance with his wishes. Alternatively the Settlor may wish to provide for specific events such as the education of his/her children and this can be via the creation of a specific trust for this purpose.

INABILITY TO HOLD PROPERTY PERSONALLY

The use of a Trust relieves an individual of title to the assets placed into a Trust and transfers title of same to the appointed Trustees.

CONFIDENTIALITY AND FLEXIBILITY

Trust deeds in Guernsey are confidential documents and are not publicly registered. Settlors moving between jurisdictions may wish to place assets into a Trust to provide a nest‑egg for the future in a favourable tax environment. Similarly, clients moving to a high‑tax area may wish to deposit funds into an offshore trust en route.

EASE OF ADMINISTRATION

By the creation of a trust structure a settlor can centralise his world‑wide assets and ensure continuity of management.

CORPORATE OFFSHORE SCHEMES

Offshore trusts are being increasingly used by corporate clients in order to set up employee benefit trusts (including share schemes) and retirement benefit‑schemes.

Our friendly and professional team are expertly placed to assist you with any matters relating to offshore trusts, and we can offer a bespoke service to suit your exact needs.