Trusts have been around since the Middle Ages, where they were used for the control and protection of land.

Today, the benefits of creating a trust are recognized throughout the world, especially in countries that have a legal system based on common law principles. Trusts have been instrumental in controlling vast amounts of wealth, most notably through the pension funds industry, through unit trusts, and through the many charitable trusts.

Trusts are still considered an important tax-planning tool. When combined with an offshore bond, the trust/bond arrangement can offer a number of attractive tax planning features. With the correct structure, a trust can assist in preserving family wealth, and help to reduce families’ exposure to inheritance tax.

To cope with today’s fast changing environment, the financial adviser needs a choice of well-constructed trusts that offer tax planning and wealth preservation solutions. Which is why you need to deal with the right financial advisory firm.