When correctly drafted in consultation with legal advice a Trust can provide a legal entity to shield assets from future political risk, such as government sequestration, war and civil disorder and asset protection from future creditors and litigants of the Settlor. A Trust can accumulate family wealth for a maximum perpetuity period usually of up to one hundred years, which is the legal perpetuity period for a BVI Trust.This could be relevant for a family to maintain control of a family run business. |
