wealth protection
A trust involves a settlor transferring assets to trustees who hold and manage them for beneficiaries under the trust deed's terms, a relationship rather than a separate legal entity. A foundation is a separate legal entity in its own right, holding assets directly and governed by a council according to its charter. Both can achieve similar succession and asset protection objectives; the right choice depends on a client's specific circumstances and preferences.
Both are built on well-established legal frameworks with strong international recognition, though recognition in any specific third country ultimately depends on that country's own laws. We consider a client's full footprint of relevant jurisdictions when recommending a structure.
There's no fixed threshold; it depends more on the complexity of a family's holdings and objectives than on a specific asset figure. We advise families on whether a full family office structure is genuinely warranted or whether a simpler trust or foundation arrangement would serve their needs equally well at lower ongoing cost.
Properly structured, they can offer legitimate tax efficiency alongside asset protection and succession benefits, though tax treatment depends heavily on the specific structure, jurisdictions, and the individual client's own tax residence. We coordinate closely with our tax team on this aspect of any structure we build.
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