What is a trust and how does it work?
According to corporate law, a trust is an arrangement whereby a person (a trustee) holds property as its nominal owner for the good of one or more beneficiaries. A trust is a legal way to hold and protect your assets for the future. A document called the trust deed is the set of rules for the operation of the trust.
What are the benefits of having a trust?
Among others, trust introduces conditions on how and when your assets are distributed after you die; reduce estate and gift taxes; distribute assets to heirs efficiently without the cost, delay and publicity of probate court. It is one of the most flexible and popularinstruments for international tax planning and inheritance purposes.
Why C.P. Palema Limited?
C.P. Palema Limited has been involved in setting up, organizing and administrating Trusts for or many years now.
Using the knowledge of our competent personnel, our long-term experience, and expertise in the field.