Chesterfield is a renowned provider of trust and trustee services. Founded in 1994, our company has a well-established global reputation, as well as a team of reliable, knowledgeable experts who remain on hand to provide leading trust and trustee services.
History of Trusts
Trusts can trace their history back to the Middle Ages in Europe, where landowners would transfer legal ownership of their property to a trusted individual who would manage it for the benefit of others, such as landowner’s heirs or religious institutions. This arrangement enabled the landowner to retain some control over the property while ensuring that it would be used for the intended purpose. If a dispute arose about the rightful ownership of the land, English common law courts would look to the legal title held by the trustee to determine the rightful owner.
Today, trusts are used in various forms as a tool for estate planning, asset protection and charitable giving, among other purposes. They allow decedents to assign legal property titles to a trustee for their dependent beneficiaries. These trusts are useful in estate planning, or for the care and maintenance of dependents.
Why Set Up a Trust?
Trust and trustee services are essential for individuals and businesses seeking to protect their assets and manage their wealth for future generations. They provide confidentiality and security, and are widely used to save money on taxes and avoid Capital Gains tax. They are a powerful tool that can benefit individuals and businesses in many ways, including:
- Protection and preservation of assets
- Customisation and control of how wealth is distributed
- Opportunity for succession/inheritance planning
- Minimisation of taxes
- Facilitating the management of financial affairs
- Preservation of family property for members in accordance with the settlor’s wishes
- A mechanism to implement employee benefit schemes for the settlors’ business
- Charitable purposes
Chesterfield offers a wide range of trust services, including asset protection, estate planning, tax planning, and financial management.
Asset Protection Trusts
Asset protection trusts are an incredibly popular service offered by Chesterfield. This type of trust is designed to protect an individual’s assets from potential lawsuits, creditors, and other financial risks.
The trust is set up so that the assets are held by a trustee and managed on behalf of the beneficiaries. The beneficiaries can be family members, a charitable organisation, or any other designated beneficiary. This type of trust is particularly useful for business owners, professionals, and high-net-worth individuals who may be exposed to significant financial risks.
Estate planning is another critical service offered by Chesterfield. Many individuals want to ensure that their assets are distributed in accordance with their wishes after their death. Chesterfield can assist clients in setting up trusts that will ensure their assets are appropriately distributed in the manner they desire. Trusts can also provide tax benefits and help reduce the likelihood of disputes between beneficiaries.
Financial Management Services
Chesterfield also provides financial management services to help clients manage their wealth. We have a team of experienced investment managers who help clients develop investment strategies that align with their financial goals. Our investment managers provide advice on a wide range of investment options, including equities, fixed income, real estate, and alternative investments.
In addition to our trust and trustee services, Chesterfield also offers corporate services, including the formation and management of offshore companies and foundations. Our experienced corporate services team can assist clients in setting up offshore structures that offer tax benefits, asset protection, and confidentiality.
Chesterfield prides itself on providing personalised service to all of its clients. Our team of professionals takes the time to understand each client’s unique needs and goals, and develop customised solutions tailored to those needs. We are committed to building long-term relationships with our clients, and providing ongoing support and advice.
In recent years, estate planning and asset protection considerations have remained high on the agenda.
Chesterfield is a trusted provider of trust and trustee services. We offer a wide range of services designed to help individuals and businesses protect their assets and manage their wealth. Our services are reliable, secure, flexible and efficient, ensuring our clients may structure their assets in accordance with their specific goals while providing the optimal tools for the trustee to balance those goals with prevailing investment and economic factors.
Whether you need assistance with asset protection, estate planning, or financial management, Chesterfield’s experienced team will help you develop customised solutions tailored to your unique needs. With almost 30 years of experience and a commitment to personalised solutions, Chesterfield is an excellent choice for anyone seeking trust and trustee services.
Contact Chesterfield to discuss your specific trust needs.