Originally Posted by redeye Do you actually know what a Trust is about? A offshore trust or just trust is an important, useful, and legitimate vehicle for the transfer and management of assets. Trusts provide an effective mechanism for managing assets given to minors, individuals who are incapacitated, and others who are otherwise inexperienced in financial management. Trusts can also be used to promote charitable purposes and for estate planning. In addition to personal and financial planning, trusts are ...
Originally Posted by redeye I was just wondering if you actually know what a foundaton is? A foundatrion is the nearest civil law equivalent to the common law trust. A foundation consists of property that has been transferred into it to serve a particular purpose and is a seperate legal entity with no owners or shareholders. Foundations are ordinarily managed by a board of directors. Some civil law jurisdictions, such as Belgium and Poland, restrict foundations to public purpose (public foundations) while other ...
Offshore Company Forum 2008 - 2013 (c) CCLOGIC Ltd