Trusts and foundations

The future belongs to those who plan for it. And when it comes to succession planning or safeguarding your assets against unforeseen circumstances, it is never too early to start. Whether you would like to set up a trust for charitable purposes, as a profit-sharing scheme for employees, or to protect your loved ones, we can act as your trustee.

We have fully licensed trust companies in Jersey (Channel Islands), the Bahamas, Cayman and Singapore. Our trust companies are 100% subsidiaries of UBS AG. Trust professionals based in various locations, assist clients with respect to trust setup.
Our trustees can hold all forms of cash, securities, structured products and other bankable assets. We can look after your trust needs even where you have more than one banking relationship by holding bankable assets with third party banks. In certain circumstances, our trust companies can also hold non-bankable assets such as real estate.

Your reason(s) for setting up a trust will be highly individual

We take the time to discuss your priorities and concerns with you. We then work with your legal and / or tax advisors to design and implement a suitable structure that addresses your concerns.

Typically, individuals set up trusts for the following reasons:

  • Succession: A trust can continue to hold the family wealth for the benefit of your children and future generations
  • Asset preservation: A trust may help to protect family wealth from events outside your control, such as political instability. It can provide for dependents by controlling the flow of income to beneficiaries: this is particularly useful with respect to minor children, children who do not know how to manage money and where parents may be concerned about future divorce of children
  • Taxation: A trust may be tax efficient in certain circumstances, subject to advice from a tax advisor qualified in the relevant jurisdiction(s)
  • Charitable giving: Many charitable foundations are set up as trusts. A trust can be settled for a purpose as well as to benefit beneficiaries. Charitable trusts are typically set up for the purpose of either giving to charities or undertaking charitable endeavours

 

Maintaining flexibility in case circumstances change

Beneficiaries’ needs are likely to change over time and the settlor can discuss and confirm these needs periodically with the trustee.

Trust law in certain jurisdictions will allow the settlor to retain a level of control including, for example, the right to appoint and remove trustees and manage the trust's assets. Although it may not be appropriate to retain certain powers (depending on your objective in settling the trust), the fact that it is possible to do so means we can design your trusts flexibly to ensure that it continues to meet your needs into the future.

We’d like to meet you

Come and see us so we can tell you more about what we can offer you.

UBS does not give tax or legal advice and you should consult your independent tax and/or legal adviser for specific advice before entering into or refraining from entering into any service or investment.