A trust is a legal entity, which a settlor may use to achieve one or more aims. The trust deed will be designed to achieve those aims, which might include:

• Controlling the release of funds to children and others
• Providing security for less capable beneficiaries
• Protecting capital for future generations
• Protecting assets in the case of divorce, or attack from creditors etc.
• Efficient tax planning
• Administering pension schemes
• Administering employee share plans

Guernsey has legislation in place, The Guernsey (Trusts) Law 2008, to protect the beneficiaries from Breach of Trust by the Trustees.

Companies, usually formed in offshore, independent jurisdictions have many purposes which might include:

• Trading activities
• Asset holding (residential or commercial property/yachts/aeroplanes etc.)
• Investment holding (portfolios of stocks and shares etc.)
• Consultancy services
• Ownership of intellectual property rights

Depending on the activities of the company it can be formed in any one of many jurisdictions.

Trinity Trust will be pleased to discuss your specific requirements.