Trust Service
Many entrepreneurs and families using trusts to preserve and manage their wealth for the benefit of their heirs for centuries. Family trusts have become a valuable tool for high-net-worth individuals to achieve safe inheritance and efficient family wealth management.
A trust is an arrangement whereby assets are transferred from one person (the ′settlor′) to another person (the ′trustee′) to hold the property for the benefit of a specified list or class of persons (the ′beneficiaries′). The practical advantages of a trust are gained from the distinction drawn between the formal or legal owner of the asset, the trustee, and those who have the use or benefit of the asset, the beneficiaries. Unlike corporate vehicles, the lack of rigid formal requirements for the creation and operation of trusts, and the tremendous flexibility of trust instruments, make them uniquely useful for estate and succession planning.
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