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
Preparation of Trust Deeds
Opening of bank accounts
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
ADVANTAGES OF TRUSTS
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 prior to this.
The Fort Group adheres to all required reporting obligations as stipulated by the Guernsey Financial Services Commission (GFSC) and any other industry or jurisdictive Law and Regulation as prescribed.
EASE OF ADMINISTRATION
By the creation of a Trust structure a Settlor can centralise his world‑wide assets and ensure continuity of management.