The Trust is a legal entity by which the grantor transfers all or part of the property of his assets to one or more beneficiaries and aims at the protection and continuity of the property.
There are several types of Trusts, the most known being Trusts revocable and irrevocable, and can be determined according to the degree of autonomy conferred on the Trustee and the administration of the Assets.
In this way, the assets of the Trust are not confused with the patrimony of the author, and can not, therefore, depending on the modality of the Trust and its clauses, be affected by creditors.
Flexibility in the Trust allows for the protection of the assets of the author of the inheritance and an efficient succession planning, both in legal and economic terms. It ensures a smooth succession of family assets in a non-costly manner and without lengthy administrative processes, thus maintaining family unity.
Advantages of Trust Formation
- Fast, cost-free success with administrative processes and inventory opening
- Confidentiality
- Protection of assets against creditors, bankruptcy, divorce and litigation
- Inheritance Planning
- Tax Mitigation