The Practical Guide to Trustee Fees
A plain-English map of how trustees really charge: annual responsibility fees, time-based admin, disbursements, onboarding, FATCA/CRS and exit fees.
15 articles
Writing
Notes on trusts, foundations, private trust companies and the fees that go with them.
The Trustee Invoice Health Check
A seven-step health check for trustee invoices: gather the documents, categorise every line, test time charges, FATCA/CRS and exit fees, then escalate.
Choosing the Right Trustee
Individual, director, subsidiary or professional corporate trustee? The options, their advantages and risks, and the factors to weigh before choosing.
Powers of Attorney and Family Wealth
How general, limited and enduring Powers of Attorney work, who to appoint, the banking and overseas pitfalls, and where trust structures fit alongside.
Foundations Explained
An Isle of Man foundation is a separate legal entity with no shareholders, governed by a council. How it differs from a company and a trust, and its uses.
Private Trust Companies – Part 1
What a Private Trust Company is and is not, why the marketing oversimplifies control, the sham and fiduciary risks, and who should own the PTC.
Private Trust Companies – Part 2
How a PTC owned by a foundation is structured in practice, the benefits it offers families, and why a foundation may be preferred over a purpose trust.
Trust vs Foundation
A closer look at the Isle of Man's position, comparing trusts and foundations on definition, taxation, governance, lifespan, registration and portability.
Trusts and Passing on the Family Business
How a family trust can protect younger beneficiaries, phase the transfer of company shares and shield the family business from divorce and disputes.
One Trust or Two?
The key questions to settle when creating a family discretionary trust, and whether sub-trusts or entirely separate trusts suit your family better.
Private Trust Companies – Part 3
Part three of our PTC series: a real structure where the Deed of Addition had no legal effect and the trust proved not fit for purpose after 40 years.
Purpose Trusts in the Isle of Man.
How the Isle of Man Purpose Trusts Act 1996 allows non-charitable purpose trusts, what makes one valid, and the commercial and succession uses they serve.
Trusts and Forced Heirship
What forced heirship is, where it applies, and how relocating, lifetime gifting or an Isle of Man family trust can mitigate its restrictions on an estate.
Protectors in Trusts
What a trust protector does, the powers a trust deed can give them, who can act in the role, and why we recommend appointing a professional protector.
Why You Should Make a Will?
Why dying intestate risks your estate passing to people you would not choose, what to weigh when drafting a Will, and when a Will trust adds flexibility.
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