 A Simple Matter of Trust
We know our fiduciary obligation is to only one person: you. As our client we feel that you, the confidentiality of your transactions, and the safety of your investments placed through Red Sea Management are our only concerns.
What is Offshore Trust?
A trust is a legal concept recognized almost without exception in common law countries.
A trust is an equitable obligation, binding a person (who is called a trustee) to deal with property over which he has control (which is called the trust property), for the benefit of persons (who are called the beneficiaries or cestuis que trust), of whom he may himself be one, and any one of whom may enforce the obligation. Legal ownership and direct control of the trust property must be transferred to the trustees. The trust is created by written document, the trust deed, which will express the terms on which the trustees must administer the trust property.
A trust can be utilized if someone has mental disability that impairs their ability to maintain their own finances or is simply underage. The trustee is taxable on any funds not distributed to the beneficiaries.
To learn more about the different types of "trusts", please visit the following links:
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