Trusts

Nowadays, trusts gain more and more popularity as an asset protection tool. However, the notion of trust remains unclear to the majority of people coming from civil law jurisdictions (e.g. Russia) for which the mere phenomenon of the ownership rights 'split' is foreign.

This often leads to setting up of defective or potentially voidable trusts out of fear to lose control over the property - for instance, in cases when settlor retains too much power under a trust deed or becomes the sole beneficiary of the trust.

On the other hand, a perfectly set up trust is a guarantee that your assets will be immune to any claim whatsoever.

We will assist you in setting up a trust in full accordance with your needs, and in particular we will:

1. Advise you on the structure and suitable jurisdiction (trusts can be established in any Common Law jurisdiction and even some Civil Law countries such as Liehtenstein and Switzerland);

2. Draft the Trust Deed and establish the trust;

3. Administer the trust;

4. Act as a trustee (under certain conditions).

The process of setting up a trust is very individual and the costs involved depend very much on the complexity of the case.