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Ensuring that clients receive the correct type of trust for their circumstances is a demanding task, says JON GOLDING
KEY POINTS
- France recognises foreign trusts as a legal arrangement within certain parameters.
- Forced heirship may have an impact on a trust.
- The benefits of an asset protection trust where creditors are involved.
- Make sure that the client's requirements are legal.
Imagine arriving in the office one day to be faced with three voicemail calls. The first states that Mrs Dubois has telephoned from Paris wanting advice on setting up a trust. The second call states that Ivor Luckydraw from London who has won £8.1 million on the lottery wishes to 'salt away' his funds offshore in an asset protection trust before his 'past...
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