If you have large assets, a complex financial profile, or property in a number of regions, your estate planning will require specialised knowledge and personalised services, particularly with respect to managing offshore assets. You may wish to establish a trust as part of your estate planning solution.
Bermuda-based trusts enable residents and offshore clients to implement personal financial strategies that may help protect and grow their wealth for future generations. Bermuda is the ideal jurisdiction for establishing a trust. This country features a supportive regulatory environment and a sophisticated financial infrastructure. We are a pioneer in trust innovation and one of the world’s premier offshore trust jurisdictions.
Many Bermudians create personal trusts and transfer ownership of their homes to the entity. This structure reduces probate fees and stamp duty in the event of death. Blend your trust fees with your regular mortgage payments for added convenience.
People in these positions may want to consider a trust as a way to distribute property to heirs in a tax-efficient manner.
Bermuda-based trusts are ideal for: