How to Set Up an Offshore Trust

The procedure for establishing an offshore trust is not very different than that for an onshore trust. Once you have decided to set up your offshore trust, please do not hesitate to contact us to avail yourself of our bespoke trust and trustee services.

All pertinent information regarding your trust should be detailed in a Deed of Trust. The elements of a Deed include, but are not limited to:

  • The naming of the Settlor - you, or the person in whose name the trust is being established.
  • The naming of the Trustee or Trustees - the person or entity that will act as administrator of the trust and assure all your instructions are carried out as directed.
  • The naming of the Beneficiary - while it is not always necessary to give a specific name, the identity of the Beneficiary must be known to the Settlor and the Trustee(s).
  • The listing of assets - again, it is not necessary to have this information detailed on the Deed itself, but should be recorded.

Depending on the kind of trust you choose to establish and the jurisdiction in which it will be recorded, the Deed can contain a variety of other information - but above are the essentials for any trust process.