A Trust is a relationship between a Settlor who wish to set up the Trust and a Trustee who holds and administers the property on behalf of the Settlor for the benefit of Beneficiaries.

Types of Trusts:

• Discretionary Trust
• Purpose Trust
• Charitable Trust
• Protective Trust

Main uses:

• Asset Protection against creditors’ claim, exchange control and risk planning.
• Securing confidentiality as no disclosure requirements regarding names of Settlor and Beneficiaries.
• Estate and succession planning.