Succession Planning Archives

Collections held in Trust

Classic cars, fine art, antiques and books are possibly the things that come to mind when we mention collectables. Building a collection of valuable items involves time and dedication, as well as a sizeable financial investment. More often than not, there is a significant emotional attachment to one’s collection. The time spent in researching and […]

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Real Estate in Trusts

Statistically, real estate is the biggest investment in our personal estates. Specifically, our residential home would be our most valued possession, as it goes without saying, that typically, we invest heavily in our residence. On the other hand, immoveable are not solely used as our primary residence but also an investment. Historically, an immoveable property […]

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Trusts: Practical scenarios

When we talk about Trusts we often think about fancy and complex structures which will exclusively benefit the ultra-rich and which find no place in the more ordinary realities which less wealthy people live in. This cannot be more distant from the truth. In actual fact, trusts help in dealing with very common circumstances in […]

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Trusts: An estate planning solution

Families, and their estates can be complex for a variety of reasons. Such complexities are not only a direct result of the nature and size of the estate itself but the number of family members as well as the dynamics of the relationship between them, may add to the complexity. In such complex scenarios why […]

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Trusts and their use as Estate Planning Tools

A Trust is a legal arrangement whereby assets are transferred from a person called ‘the Settlor’, to another person called ‘the Trustee’ for the purpose of holding such assets ‘Trust assets’ as owner but for the benefit of others called the ‘Beneficiaries. Trusts can be used as an estate or succession planning tool for families, […]

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Will Trusts and Foundations

The Interplay between Wills and Alternative Forms of Succession Planning The typical instrument used for the purposes of regulating how one’s estate is to be divided following one’s demise is a will. In fact, article 586 of the Maltese Civil Code (Chapter 16 of the Laws of Malta) states that: “…it shall not be lawful […]

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