Trust Services from Safehaven Trustees Limited
The law of trusts is a sophisticated legal concept peculiar to the Anglo-American legal system, but has rapidly become a concept in many civil law jurisdictions. We consider it, therefore, a priority to fully appraise our clients of the various stratagems of the law.
The principal advantage of a trust is the avoidance of capital taxes upon death. This is the case in the Channel Islands where no capital taxes accrue.
Trusts in the Channel Islands
In the Channel Islands, the income of a trust is treated as that of the trustee. If no beneficiary is resident within the Islands, no tax is levied upon locally derived bank interest or other income derived from outside the Islands.
A further advantage is the alienation of rights over assets during the settlor’s lifetime. This can protect assets against taxation or provide insurance against future appropriation by third parties.
Safehaven Trustees Limited also gives careful consideration to wills and other forms of trusts, depending on clients needs and wishes.
We offer a wide range of legal, insurance and financial services to our clients.