|
Trust
Services
(Financial
and Tax Planning issues) Using a trust to own
the shares of an offshore company can result in very substantial tax
and non-tax related advantages, which will accrue both on death and
during the lifetime of the settlor. These advantages may
include: ¡@ Saving
Of Estate Duty: On death, the estate duty, which would
normally be assessed on the market value of properties, shares,
etc., would generally be eradicated. ¡@ Asset
Protection: Assets placed into trust are generally beyond
the reach of creditors who might arise as a result of financial
difficulties, divorce proceedings, litigation, etc. ¡@ Avoidance
Of Probate: A trust provides a means whereby assets can be
smoothly passed on to the next generation without the disruption,
delays substantial costs, loss of confidentiality associated with the
probate procedure which necessarily follows when assets are bequeathed
by will. ¡@ Continuity:
Trusts provide a means whereby assets can continue to be
administered in accordance with the wishes of the settlor after his
death so the weak can be protected from others and the spend-thrift
can be protected from himself. ¡@ Lifetime
Tax Savings: During lifetime, substantial income and
capital gains tax advantages may result from setting up the trust.
Using the service of one of our licensed trust companies, we are
pleased to act as trustee for a suitably drafted discretionary trust
and the cost of this service would be from US$500 for setting up the
trust deed and from US$500 per annum for the provision of trustee
services. ¡@ Other
Services: Chan
& Loke provide a wide range of administrative and
documentary services including, but not limited to trade service
covering re-invoicing, documentary trade services, trade finance
applications, accounting, consulting and immigration services. Just
contact us and tell us your business needs and we shall be pleased to
provide you with an appropriate solution. Alternatively, you can
complete the Enquiry Form and we shall respond to it as soon as
possible. ¡@ ¡@ ¡@ ¡@ ¡@ ¡@ ¡@ ¡@ ¡@ |
