To build a trust means building the future.
Nowadays, thinking of future is not so easy, mainly for the difficulties and unexpected events in the everyday life. For this reason, it’s important to build a strong base for the retirement time, or anyway to ensure a future to our family. To invest for the constitution of a trust undoubtedly is the best way of action for an entrepreneur, a professional or a family man that desires to guarantee for himself a better future.
What is a trust?
Trust is an English term that is rooted in the countries with Common Law jurisdiction.
The settler and trustee, thus, conclude a trust agreement with a judicial relationship based on the trust between the two parties. Consequently, the settler put in the trustee’s hands his assets, that will be handled on behalf of the beneficiary and for the previously agreed purpose. Sometimes the original beneficiary can be different from the final one, but there are some cases of trust in which the final beneficiary is not evident, that’s why it’s called opaque trust.
There are also the trust companies, that have as social object the assistance to customers in the trust institution and in the subsequent management of assets. It’s important to specify that the trustee can be represented both by a natural and juridical person.
The main consequence of a trust is the segregation of assets, for which all that is made available to the trust, constitutes a legally separated asset from the trustee’s one.
This means that the creditor cannot claim what’s put in the trust, independently from any eventual attack to the trustee, the settler or the beneficiary of the legal construct.
Moreover, the use of trust ensures high levels of privacy at capital level.
THE TRUST is used for different purposes and is a flexible and dynamic device that can be custom-made for any different request.