A Trust is created by a person or a company, the Settlor, giving assets to a Trustee; the Trustee holds the assets, subject to the Trust regulations and the Law, for the Beneficiaries. Therefore, the Trustees are the legal owners and the Beneficiaries are the equitable owners.
DISCRETIONARY TRUSTS
In the appropriate circumstances, where professional advice has been sought, an offshore Discretionary Trust can offer advantages due to the flexibility available for planning changes in clients’ affairs.
AST can assist in the establishment and the provision of Trustees for trusts in all the principal trust jurisdictions.
TAXATION
Except in connection with Jersey residents or Jersey source income, other than bank interest, trusts are not taxed in Jersey and there is no VAT or equivalent charged on professional fees.
