The trust provides use and entitlement to all or part of the assets and its benefits while at the same time protecting said assets and conditioning how the assets are used. Trusts allow for someone else to manage the property, which can be useful when the property management requires significant time or skill; for example, in the case of management of real estate properties, a commercial business, an investment portfolio, etc.

Trustees manage the assets per instructions detailed in the trust deed and follow the trust legislation of the country in which the trust is established is also called . The jurisdictions offered by Aspen Global Incorporations Limited are English Common Law jurisdictions. Trusts are the most dynamic and commonly used offshore vehicle. Its mechanisms and legalities have been tried and tested true time and time again.

Uses of a trust

?Provide or benefit from assets in total privacy. Most offshore jurisdictions do not require that a trust be registered.

?Protect wealth and assets acquired.

?Personal security and safety. In some countries, personal security is an issue, thus the need to protect assets through the establishment of a trust.

?Hold bank deposits.

?Hold investment portfolios.

?Protection from political and economic instability.

?Protection against creditors and potential enemies.

?Transfer estate without complications and tax-efficiently. Trusts keep assets out of probate because the assets don't belong to the settlor anymore.

?Avoid forced heirship.

?Provide discreetly and with certainty for a loved one.

?Provide for minor children, incompetent, elderly or those who are unable to manage their own affairs.

Type of assets that can be settled in a trust

?Cash/bank accounts.

?Investments.

?Art, auto, wine collection, jewels.

?A business.

?Shares or holdings in any company.

?Future rights or entitlements to ownership.

The cost of creating and administering a trust can vary considerably, depending on its type and duration. Trustee's fee may vary with the skill and expertise the trustee offers. Charges may also be influenced by the size and complexity of the trust estate. This affects the nature and amount of services required, such as record-keeping, asset management and tax planning.

In addition to legal and trustee expenses, there may be accounting, real estate management or other service fees. Other common charges include annual, minimum, withdrawal and termination fees.

What is a will and who needs one?

A will is a document which states what an individual wants to do with his/her property upon their death. The document will explain how the person wants their assets distributed and identify which assets go to which person. By preparing a legally valid will, a person can avoid having their probate estate pass on to others via intestacy statutes. The person who made the will must do so freely and of their own volition with the true intention to have the property distributed as discussed in the will. There is a foundation created known as .