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Why A Bahamian Trust?

Bahamian Trust Services are considered first-rate because of their flexibility. Their Trustee Act of 1998 stipulates that a settler be given flexibility in terms of withdrawing the trust or the trustee at any given time; and also to add another trustee and to give certain stipulations to trustees upon discretion of the settlor without jeopardizing the legality of the trust. This ensures that the trust is well taken care of and is judicially executed.

In like manner, trustees are given the power to choose whether to invest their trust fund or not; and to change investments from their trust funds whenever they deem appropriate. They may also choose to assign investment advisors to help them maximize the value of their trust and advise them on which sound investments to make. This will ascertain that the trust fund is not extravagantly used or wasted. They are likewise protected by Bahamian laws should their appointment as beneficiary of the trust be questioned by other entities staking a claim on the trust.

The trust is likewise looked after for a minor until such time that he/she can legally obtain what has been allotted. Access to the trust is limited by legal standards and cannot be retrieved under any circumstances by those not recognized by its stipulations. Moreover, should a political upheaval arise or any disorder that threatens the security of the trust, the trust itself and the trust management will be transferred to a safer country without delay. Bahamas law upholds to protect the trust and will not put it at risk for whatever uncontrollable reason.

Trusts placed in the Bahamas are under Bahamian law and will not be liable to any foreign law especially forced claims from heirs and such. Asset protection is also part of the Bahamian Trust program and they carry out this responsibility to the extent of legally distributing assets of their clients after their demise.

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