Choosing Between an Offshore Trust and a Foundation

Chris CotillardDirector, Alex Picot Trust

Choosing Between anOffshore Trust or a Foundation

An offshore trust and a foundation have

a variety of purposes and offer a range

of different solutions for the safe

management of assets.

A trust and a foundation have crossovers and

differences that are important to understand when

choosing the right structure.

it operates similar to a limited company in that it isa separate legal entity to its founder the foundation legally owns all of the assets putinto itit can have its own bank account, hold assets andsign contracts in its namethere are no shareholderscan be managed by multiple people, thereforevery flexible

a foundation is formally registered and lodged in apublic document

Key features of a foundation

Key features of a trust

a trust is an agreement between the settlor, trustee andbeneficiaries

the letter of wishes guides the trustee on how the assetsare retained or distributeda trust is not a separate legal entity but can conductbusiness

assets held in the trust are the legal responsibility of thetrusteeused for asset protection

privacy - doesn't need to be registered publicly

be set up as part of estate planninghave beneficiarieshave bank accounts and hold assetscan't have shareholdershave an unlimited life duration

Both a trust and a foundation have the

following similarities:

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