At KC Investments we help our clients establish trusts to safeguard their wealth and investments. We understand that trusts can be and often are costly and over complicated. They do not need to be.
KC Investments assists its clients by assessing wealth protection needs and finding the right type of trust for the right situation.
One of the main reasons individuals set up a trust is to pass on their wealth quickly and easily. Assets held in a trust are legally owned by the trustees on behalf of the beneficiaries. Having a trust will avoid the possible delays associated with the legal process that decides who will administer your estate in the event of your death. The trustees can instead distribute your wealth quickly and easily.
Another key benefit of forming trust is asset protection. For example, if you run your own business, a trust could help protect some of your personal assets should something go wrong with that business in the future. Creditors might otherwise have the ability to pursue all of the business owner’s wealth.
KC Investments will help you set up your trust through a professional trustee, an offshore trust company, and where your business was solvent (i.e. no known or ascertained creditors) at the time it was set up, those assets would be unlikely to be treated as your property in any later creditor claims against the business.
A trust can also be used in certain circumstances to protect personal assets, or those of your heirs from a spouse/partner in the event of separation or divorce. Trusts are confidential, unlike wills, and this privacy can offer greater flexibility and discretion, which can be particularly useful in complex family situations.
Offshore trusts could be especially helpful in avoiding potential tax liabilities as when assets are transferred to a trust, you (the settlor) are no longer the legal owner of those assets.