Types of Trust

Most offshore asset protection trusts fall into four broad categories: Private: including discretionary, accumulation and maintenance, life interest and fixed interest trusts. Corporate: including pension and employee benefit trusts. Charitable: solely for the benefit of charitable organizations. Purpose: trusts with…

Duration Trusts

Non-charitable purpose trusts must have a duration not exceeding 25 years. Charitable purpose trusts can be of perpetual duration. All other trusts must have a duration not exceeding 99 years. Manu RajHas a positive attitude towards the job, is friendly…

Voidance Of Trusts

In the absence of intent to defraud, a trust shall not be void or voidable as a consequence of a subsequent bankruptcy of the settler nor in consequence of any action taken against the settler by his creditors. The Courts…

Taxation of Trusts

A trust is liable to income tax at the rate of 15% if the Settlor and beneficiaries are non-residents or hold a Category 1 or 2 Global Business license or is a purpose trust. However, such trusts will be entitled…