The Trust Mechanism
The Trust Mechanism In legal terms, there is no mechanism quite as flexible and valuable as the trust. Usually an imperative asset in the tax-planner’s tool box, the trust mechanism is a legal fiction that is present in the majority of jurisdictions across the world. It is in effective a tripartite relationship between a truster, a trustee and a beneficiary, although these names vary across jurisdictions. The truster is the party transferring property, which then becomes property of the trust as an entity and hence is administered by the trustee, usually an accountant or investment banker, for the benefit of...