TCI Trusts

The TCI express discretionary trust is a flexible asset holding vehicle with a variety of applications, the most common of which are as follows:

• Reduce inheritance and capital gains taxes;

• Protect assets from future personal liability;

• Provide for a spouse and succeeding generations;

• Preserve family wealth;

• Enable quick and orderly transfer of assets on death;

• To own specific assets;

• Enable charitable provisions to be set up in perpetuity.

Trusts are not used to the same extent today for tax-planning purposes as in years past. This is due principally to legislative changes in several high tax jurisdictions which have made onshore compliance (by settlors and beneficiaries) increasingly complex and costly. TCI Trusts can still be used for tax-planning purposes in certain instances and they remain an extremely good choice of vehicle for asset protection.

Our associated law offices have a particular expertise in relation to trusts and trust law built up over a period of more than thirty years of practice. Corporation Services Limited and Dempsey & Company advise and assist in relation to the formation of Turks & Caicos Trusts and the incorporation of sole purpose corporate trustees, offshore companies and ancillary asset holding entities. In the event that you are contemplating a TCI trust structure or in the event that you require assistance or advice in relation to an existing structure, please do not hesitate to contact us.