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The Trident Practical Guide To International Trusts

The Trident Practical Guide To International Trusts INTRODUCTION

Since the last edition of the Guide the use of international trusts has further increased. Professional advisers worldwide continue to regard international trusts as providing a practical solution to many issues involving international estate and tax planning, political and creditor protection, and the structuring of international business and individual activities.

The number of domiciles with comprehensive trust laws in which professional trust services are available also continues to expand. It now is more important than before for professional advisors to know which jurisdiction best meets the specific requirements of their client's planning. It is this knowledge on the part of the advisor that may in the long run determine the efficacy of a particular trust structure. The prime objective of the Guide is to provide advisors with a systematic resource to enable them to easily undertake research of comparative law issues among the various trust jurisdictions.

The Fourth Edition has been updated to take account of the changes in the trust legislation of the jurisdictions covered by the Guide. As with earlier editions, the Guide is carefully structured to allow easy access to each topic. Questions on establishment of a trust; rights of settlors; perpetuity rules; duties of trustees; charging clauses; powers and obligations of protectors; confidentiality and taxation are clearly dealt with in readily identifiable sections. The sections can be cross-referenced between the individual jurisdiction chapters.

Reflecting the growing interest in onshore jurisdictions the Fourth Edition includes new chapters covering the trust laws of England, New Zealand and Singapore. Another new feature of the Guide is the chapter discussing the implications for trust administration of the new international compliance regimes.

Once again many individuals have assisted in compiling the latest edition of the Guide and we would like to thank all those involved. Space prevents us from thanking authors by name but individual credits have been given at the end of each chapter where outside professionals have assisted us in the preparation and review of a chapter.

While every effort has been made to ensure the accuracy of the information contained in the Guide, readers should note that it contains only general statements and is not intended to cover all possible scenarios that may arise. Accordingly, the authors and publisher cannot accept any liability for acts undertaken in reliance on the content of this Guide. It is recommended that readers seek the advice of a qualified professional before undertaking any transactions or actions described in the Guide.

Trident Trust
May 2004