TRUST PLANS
LifeTrust Plan
How does it work?Designed for individuals interested in obtaining a lifetime steady secured income from private investments sourced by the individual, to be held by the trustee and invested as required by the individual, with the end goal of securing minimal proceeds for their lifetime’s expectancy. Funds are to be managed by the trustee as required by the individual in their LifeTrust Plan contract
WillTrust Plan
How does it work?Designed for individuals looking for succession planning options including asset protection, private and secure asset transfers to their intended beneficiaries and/or heirs upon passing away, or when any chosen condition criteria are met. Assets are to be held by the trustee and released as instructed by the individual in their WillTrust Plan contract.
i-Trust Plan
How does it work?Designed for individuals looking to invest their liquid assets securely and privately, with guaranteed protection from potential liabilities from their daily personal and business activities. Funds are to be held by the trustee and invested as required by the individual in their i-Trust Plan contract.
RE-Trust Plan
How does it work?A Special Trust Service for individuals seeking to protect their real estate holdings with privacy and security. Assets are to be held by the trustee during the agreed term of the RETrust Plan contract.
IP-Trust Plan
How does it work?A special trust service for individuals seeking to protect their intellectual property rights with privacy and security. IP assets are to be held by the trustee during the agreed term of the IP Trust plan contract.
LifeTrust Plan
How does it work?
Designed for individuals interested in obtaining a lifetime steady secured income from private investments sourced by the individual, to be held by the trustee and invested as required by the individual, with the end goal of securing minimal proceeds for their lifetime’s expectancy. Funds are to be managed by the trustee as required by the individual in their LifeTrust Plan contract
WillTrust Plan
How does it work?
Designed for individuals looking for succession planning options including asset protection, private and secure asset transfers to their intended beneficiaries and/or heirs upon passing away, or when any chosen condition criteria are met. Assets are to be held by the trustee and released as instructed by the individual in their WillTrust Plan contract.
i-Trust Plan
How does it work?
Designed for individuals looking to invest their liquid assets securely and privately, with guaranteed protection from potential liabilities from their daily personal and business activities. Funds are to be held by the trustee and invested as required by the individual in their i-Trust Plan contract.
RE-Trust Plan
How does it work?
A Special Trust Service for individuals seeking to protect their real estate holdings with privacy and security. Assets are to be held by the trustee during the agreed term of the RETrust Plan contract.
IP-Trust Plan
How does it work?
A special trust service for individuals seeking to protect their intellectual property rights with privacy and security. IP assets are to be held by the trustee during the agreed term of the IP Trust plan contract.
Legal Frameworks
The previous Trusts Plans may abide by any of the following legal frameworks.
Spendthrift Trusts: It is a trust subject to a condition in a specific timeframe, related to the beneficiary
Charitable Trusts:It is a trust created exclusively for one or more charitable purposes, such as: the relief of poverty; support education, religion, environment or human rights; or any other of benefit to the community anywhere in the world.
Purpose Trusts:It is a trust created for any specific, reasonable and legal purpose.
Confidentiality
All Trusts are protected by confidentiality laws in St. Vincent, including but not limited to the settlor’s, the beneficiaries’ and its asset’s information.
Taxes
No estate, inheritance, succession, gift, exercise or capital appreciation tax, rate, duty, levy or other charge is payable by non-resident beneficiaries of the trust with respect to any income or assets of a trust registered under the Trust Act.
Other
- All Trusts must have at least 1 trustee who holds a Registered Agent and Trustee License.
- Co-trustees are allowed, without restrictions of nationality or residency.
- The Protector of a purpose trust, cannot be the Trustee of the trust
- The Trustee is liable to a penalty of USD 40,000 when committing an offense regulated in the Trust Act.
- There is no statue limitations to bring actions against a Trustee in respect to fraud and to recover assets. And for any other reasons, the statue limitation is 3 years.
Foreign judgments are not recognized when relating to:
- A foreign jurisdiction does not recognize the concept of a trust
- The trust contravenes any rule, law, judicial or administrative order or rights or claims on favor of any person.
- The trust contravenes existing rights of spouses or heirs to assets
- The Trust Act and regulations contravenes any foreign law.
Certificate Samples
