A trust is a legal relationship with one or more members – known as trustees – who hold the title to the assets. Trustees manage the assets for the benefit of others – the beneficiaries.
The role of the trustee is a responsible one – collecting, managing and investing. Trustees can also accumulate and distribute income and principal from the trust. The trust’s instructions must be upheld.
Being a trustee is a great responsibility and the trust structure is useful for managing assets and also for realising tax advantages.
We at Laurus Solutions look for experienced trustees which enables you to pursue other endeavours. We look after the annual accounting to the beneficiaries and distribute income. We manage too the trust’s investment portfolio in a smart, diversified, yet prudent manner.
We also can hire the necessary people to advise on the trust e.g. attorneys, accountants, bookkeepers and investment consultants.