Trusts & Foundations
Protecting a family's assets and/or achieving philanthropic goals
Trusts, foundations and other wealth structures can help manage complex family wealth. They can protect, simplify and manage your family’s needs across generations.
Some wealthy families set up Trusts to hold the shares of the family company or real estate projects, as these instruments are extremely useful for asset protection. Trusts are also an excellent tool for protecting a family’s assets from any possible threat inside or outside their home country, because the assets are transferred into the possession of the trustee.
In a similar way, Foundations can be used for wealth protection and are particularly suited to achieve charitable, educational, scientific or literary goals. Its legal form gives you complete freedom to decide how to invest your money and keep control on distributions.
We handle the day-to-day administration and management of your family’s affairs. This enables us to offer a customized analysis of your personal situation taking into consideration all the important aspects, both personal and commercial.
History of Bahamian Trusts
The Bahamas has a long history of commitment to trusts, with trust law dating back to the 19th century.
The Trustee Act 1998, which places The Bahamas at the forefront of international trust legislations, is complemented by the Trust (Choice of Governing Law) Act 1989, the Fraudulent Disposition Act 1991, the Perpetuities Act 1995 and the Purpose Trust Act 2004.
The jurisdiction continues to be responsive to the evolving international market requirements and the needs of trust companies, advisers and clients. The introduction of purpose trust legislation and amendments to the perpetuity period are just two examples of new initiatives to enhance the country's trust legislation environment.