Understanding the logic of offshore trusts

Dubai Real Estate -Understanding the logic of offshore trusts

Highly effective for the purposes of estate planning tax mitigation and asset protection.

When it comes to life in general,legalities are usually the last thing on people's minds,even as most property-related predicaments involve the lack of legal foresight in relation to major life changes such as personal calamities

As anything and everything can change at the stroke of a second, there are some questions you might want to answer to check whether you need serious legal advice: Are you a resident in the UAE? Are you a partner or a shareholder in a business in a free zone or of an LLC? Do you own freehold property either solely or jointly? Do you have children? If your answer is YES to either one or all of the above, you should consider establishing a trust to protect your assets and secure your assets and secure your family's future.

A trust,properly structured and utilized, is highly effective for estate planning,tax mitigation and asset protection. Trusts are instrumental in avoiding probate,an important consideration in the Middle East,where local fixed heir ship laws can prevail. They are especially helpful in asset preservation and protection in case of political,family or business uncertainty (e.g. Unexpected divorce,bankruptcy,litigation); succession planning;consolidation and preservation  of family wealth across generations; business continuity;overcoming cost, and delay of obtaining probate;bypassing local laws with your own succession blue print; professional management of assets for the benefit of beneficiaries; a high degree of privacy and confidentiality,avoiding public disclosure of asset ownership.

To secure yourself and your property, there are few legal consultancies available which specialize in international wills,trusts and taxes that are experienced and fully qualified to advise and assist clients regarding all aspects of trust formation,management and administration . Your consultant should be able to create a bespoke solution that secures and preserves your assets in a way which is uniquely suited to your personal and business requirements, and that you will be entirely at ease with.

Dubai Real Estate Tips

Trusts are instrumental in avoiding probate especially in the Middle East

Legal foresight is essential in protecting your property and all your assets

Your consultant should create a bespoke solution suited to your situation.