What is a trust?
An international trust is a way to preserve,
protect and control assets.
A trust is created when you transfer assets to a trustee. The trustee becomes
the legal owner and is responsible for managing the assets and distributing them
to the beneficiaries of the trust (which could include you) in accordance with the
terms of the trust deed.
International trusts are also being used more and more by
corporations to facilitate many types of business dealings. Learn more about our corporate
trusts and other
international
corporate services.
An international trust is the solution for individuals
who —
- Want to preserve their wealth against uncertainty — political,
economic or personal
- Want to transfer wealth to their heirs in a tax-efficient manner. They want
to plan their estate to maximize the benefits of their wealth for family members
and others
An International Trust from Global Private Banking could be what you need
if any of the following apply —
- you have assets in various locations worldwide
- you have beneficiaries living outside your country of
residence/domicile
- you need solutions to capital, income or inheritance tax issues
- you want financial solutions tailored specifically to your unique needs
- you have concerns about probate or legal fees applying to your estate
- you want a close and continuous relationship with your trust advisor
- you have US$1,000,000 of investable assets
An International Trust from Global Private Banking could enhance your financial
future and ensure peace of mind for you and your heirs
- Your assets will be preserved and protected. They will
be free from the possibility of expropriation.
- You'll be in control of who will inherit your assets.
You'll be able to provide for people who might be excluded
by your country's inheritance laws.
- You can have flexibility built into your trust deed. This
will allow the trustee to act in your best interest
should circumstances change.
- In some trust jurisdictions your trust would be free from local taxation.
Nor would local taxes or duties be charged to the trust on the death of the beneficiaries.
Why you should consider setting up a trust
We may not like to think about it, but we all face the same eventual fate. Someday we
will either die or become incapacitated. When that happens, a trust will allow you to
stay in control of how your assets will be managed and distributed.
It is a proven way to avoid the financial nightmares that too often follow a death,
such as when family members have to battle domestic legalities (such as forced heirship)
or even battle among themselves.
A trust can serve a similar purpose to a will for the assets held in it. But a trust
is a much more powerful and flexible legal instrument than a will. Plus, since the trust
is located internationally, there may be tax advantages to be considered.
Why you should choose Global Private Banking
as your trustee
Once you have decided to set up a trust, your first and most important decision is
your choice of trustee. Since you'll be transferring your assets — giving the trustee
ownership — you want an institution that gives you complete peace-of-mind.
And since your assets are going to be managed for performance and growth, you want an
institution that has the expertise to deliver favourable results.
Royal Bank of Canada Global Private Banking satisfies on
both counts. Royal Bank of Canada is Canada's oldest financial
institution with over C$1,700 billion assets under administration.
You can certainly enjoy complete peace-of-mind.
Discover all the advantages of an International Trust
from Royal Bank of Canada Global Private Banking
Find out how an International Trust can preserve your wealth from uncertainty and allow
you to control how your assets will be distributed.
 If you would like to know more about International Trusts, we invite you to contact us.
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