A discretionary trust can be formed to hold shares in a company or to hold assets directly. For many clients, who are interested only in passive, low-risk investment, e.g. funds or share investments, a simple trust structure can suffice.

Clients normally use our trust company, Trustees International Limited, to act as trustee. Control of the income and assets of a discretionary trust remain with the trustee who may act upon the wishes of the person forming the trust.

A trust is not subject to any reporting requirements and confidentiality of information is reasonably assured. Information required to set up a trust includes details of what assets are to be settled in the trust, how the capital and income should be handled, and who or what entities are to be the beneficiaries..

Please feel free to contact us for a free consultation if you would like further guidance in the formation of a discretionary Trust. Alternatively, print the Adobe PDF Application to Set up a Trust form and fax back to BDO Barrett & Partners today.