Alfred Ip talks to Hannah Bisson (Director of Business Development at Trident Trust) and Henno Boshoff (Counsel at Harneys) about the main reasons clients set up a Trust – might these be for ringfencing business assets or for giving back to the community or for tax reasons.

SHOW NOTES:
01:50 Main reasons for setting up a Trust
09:37 How to choose a Trustee?
14:27 Who to add as a beneficiary?
18:02 Most common Trust structures
35:24 Understanding assets to be included in the Trust
39:48 Inter-vivos Trusts vs Will Trusts: pros and cons to consider
42:42 Setting up a Trust in an off-shore vs on-shore jurisdiction
48:47 Fees for setting up and managing a Trust

If you wish to learn more about our Private Client, Probate & Trust practice, please check the dedicated section of our website: https://www.hugillandip.com/legal-services/private-client-probate-trust/