Many assets that potential settlors wish to place in trust, such as the shares in a family business or more speculative opportunities, may no longer fall under the conventional asset category that trustees are willing to accept. It also allows for management of the company to be carried out by its directors without any power of intervention being exercised by the trustee. Amendments to the VISTA legislation in May mean that the required declaration in the Trust deed that the VISTA regime will apply can now be augmented to include provisions for the declaration to be revoked, suspended or triggered by specific events or by a direction given to the trustee by an individual or committee.
The trustees will not control and manage the underlying BVI Company and its assets. Execute projects with security and governance technologies, operational practices, and compliance policies. Gain the operational agility to drive continuous innovation backed by world-class security and compliance.
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