Get the Secrets of Offshore Trust Services

Offshore trusts used to be solely established by wealthy individuals who want to keep and secure their money and assets outside their homeland for enhanced asset protection, privacy, tax efficiency and estate planning.. They may also ensure that the wealth will go to the owner’s respective heirs without having to worry about inheritance tax in some cases Nowadays, it is easier to set up offshore trusts through service providers specialising in offshore asset protection. The best offshore trust services are from service providers registered and accredited by the government where they are permitted to help you set up a trust and provide relevant ongoing services. Here are some of the things you should know about them:

• They should be licensed -

Leading providers of offshore trust formation services offer trustee services, but they mu be licensed and regulated by the government where they offer their services. For instance, reputable service providers in Seychelles are licensed International Trust Services Providers regulated by the country’s Financial Services Authority. To ensure further reliability, experienced trustees are active members of STEP (Society of Trust and Estate Practitioners).

• They can help you choose the right solution for wealth and asset protection – Offshore trust service providers often provide advisory and consultation services to help you decide if it is the right solution for you. With their help, you can learn and understand the objectives of setting up an offshore trust. Before proposing a custom service plan and fees, the professionals will assess your requirements to suggest the right way to structure your trust and may consult with advisors in your home jurisdiction to ensure everything is established compliantly. Likewise, you can rely on them to define the scope and the nature of your trustee services.
• They can get you started with an offshore trust – Upon agreement, offshore trust formation service providers will draft the trust deed and take care of all the relevant documents for you. Just be sure that you agree with them in all aspects, including the fees and the structure of the service that will be provided to you.
• You can trust them with the preparation and execution of legal documents to transfer assets – Offshore trust formation services cover the transfer of assets, which involves the transfer of title of assets from the settlor to them as the trustee.

About the Company:Sterling is a leading licensed and regulated corporate, trust, fiduciary and fund services provider delivering specialised solutions for a global clientele of international corporations, institutional investors, high net worth individuals and families as well as their intermediaries. Whether an end user of our services or an intermediary, Sterling provides an efficient, personalized approach to ensure smooth, efficient delivery of services that meets the requirements of each client.

Sterling is a leading licensed and regulated corporate, trust, fiduciary and fund services provider delivering specialised solutions for a global clientele of international corporations.