Raymond Khouri CA Limited

Trusts, Business Structures, Asset Protection Plans

Trusts, Business Structures and Asset Protection Plans require careful planning and preparation to achieve their objectives.

We work with your lawyer and you to determine your needs and design and implement a plan for you.

A well-designed plan should:

• Minimize your tax
• Protect your assets from claims by creditors, predators and matrimonial property claims by a future spouse.
• Protect your children from matrimonial property claims by their spouses.
• Protect your wealth for passing on to your children and grandchildren.
• Provide a smooth transition of your wealth to future generations by removing assets from the scope of legal action under the Property Relationships Act and other laws.
• Exclude assets from means tests for Government assistance such as medical care and rest-home subsidies.
• Provide flexibility to adapt to changing circumstances

Trust Administration

Trusts are a long term commitment. Their purpose is to protect your assets against risk and provide a smooth transition of your wealth to future generations.

Trustees have a duty to ensure that the trust is managed efficiently and to keep full and proper accounts.

Our trust administration service attends to the special recording and reporting requirements of trusts. Decisions of trustees must be recorded in a minute book and often require supporting documentation.

Our service includes:

• Preparing financial statements and tax returns
• Preparing minutes of trustees
• Keeping a trust register to record details of trustees and beneficiaries and keep track of significant events and important documents
• Monitoring your gifting programme