What are Trusts used for primarily?

Category: Trust Services

Answer:

For several decades international investors have recognized the benefits of structuring ownership of their assets through trusts and companies incorporated in The Bahamas.

The Government of The Bahamas has demonstrated its commitment to maintaining the industry's competitive edge in the international market, and has recognised the need for an effective system of supervision and regulation to ensure high standards of conduct and management, and to afford international clients with an appropriate level of confidence in the integrity of the jurisdiction.

For the international investor, trusts and companies can be tailored to meet one's individual estate and wealth planning needs. The depth and experience of the trust and company professionals in The Bahamas can facilitate the timely development and implementation of an estate plan.

Once wealth has been created, it needs protection and stability, as well as enhancement. The impact of death, divorce, disability, or the inability of children or other heirs to manage substantial wealth and delays caused by probate, may be addressed by estate planning.