What is a Trust?

A trust is an agreement between a fiduciary (trustee) and the settlor for the benefit of beneficiaries. It is a way of holding properties for the benefit of beneficiaries without giving them full control. Trusts that are legally established are generally referred to as trust funds. A trust fund is a legal entity that holds and manages assets on behalf of the settlor. A Trust needn’t be registered to be effective.

What is a Foundation?

A  Foundation is a non-human entity that uses money to achieve some purpose. It can be set for a limited time or forever. It is completely anonymous and it isn’t owned by anyone. A Foundation has to be register unlike a trust.

Huriya Private’s role in extending Trustee Services

At Huriya Private, we intend to protect, manage & regulate the succession of your family wealth. As an independent service provider we work with your lawyers, bankers and advisors without creating any conflict of interest or regulatory restrictions.

Huriya Private draws in a highly qualified team of trustees that help ensure that your intergenerational wealth and assets are preserved and protected. Focusing on the long-term dynastic security for you and your family.

Huriya Private’s role in extending Protector Services

As a Protector, Huriya Private drives varied duties and tasks which are conscripted by the settlor or their kin; these can be altered over time to accommodate needs and circumstances. We would be pleased to discuss how we may be of assistance to you.

 

How can Huriya help?

We specifically design our service offering as per our client’s requirement. We provide assistance in the following manner:

  • Legal responsibility – to carry out the terms of the trust effectively, we handle the legal responsibilities entrusted on us, which have your best interests in mind.
  • Record maintenance – we carry out the tax and accounting duties while maintaining up-to-date records.
  • Tax Planning – We guide with the right plan to eliminate taxes for the Settlor and the heirs.
  • Knowledge and Quality – Our trustees are well experienced with the right skill sets and are abreast with latest industry developments.
  • Protect your legacy – we provide flexible asset protection, succession planning,  distribution methods and saving option that allows you to use funds for emergency situations or implementing appropriate wealth management.

Talk to one of our consultants to learn how you can pass and preserve
wealth privately and efficiently.

Want to learn more about Trusts & Foundations?

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FREQUENCY ASKED QUESTIONS

Why should I have a trust?

Trusts can help pass and preserve wealth privately and efficiently. It can help reduce taxes.

Do you need a lawyer to create a living trust?

There are no attorneys involved in the process of creating a living trust.

What is the difference between a will and a trust?

A will is a document that directs who will receive your property after your death and it appoints a legal representative to carry out your wishes. A trust is effective as soon as you create it.

Why should I put my house in a trust?

The main reason individuals put their home in a living trust is to avoid the costly and lengthy probate process at death.

Can a trust be broken?

A trust can only be “broken” if the creator decides to undo it.

Who owns the property inside a trust?

Trust property is owned by the trustee.

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