The Chinese proverb “rags to rags in three generations” says that family wealth does not last for three generations. This is why it is important for HNWIs to plan in advance in order to insulate their personal assets against risk and allow for their seamless transmission to the next generation and/or to further philanthropic initiatives. As a leading international financial centre, Mauritius offers a modern and sophisticated legal framework, enabling it to provide an array of private client solutions to suit the exigencies of the modern client. These range from simple trusts and underlying company structures for families, through to high value and complex structures working with trusts, companies, limited partnerships and foundations for international families. In this masterclass, the presenter will compare and contrast the trust and the foundation in the context of asset protection and estate planning by providing an overview of the:
- Trust and Foundation.
- Benefits of a Trust and a Foundation over a will.
- Setting up of a Trust and a Foundation.
- Governance of a Trust and a Foundation.
- Taxation of a Trust and a Foundation.
- Similarities and differences of a Trust and a Foundation.
Date: 30th November 2021
Time: 15:30 to 16:30 Mauritian Time (GMT +4)
Click HERE to Register in advance for this masterclass.
