t: +356.2165.4567 | e: info@prturner.com.mt

  • Why Malta?

    Malta has been placed amongst the top knowledge economies in the world, offering one of the most progressive environments for remote gaming, IT and e-Business activities!
    Find out more...

    PARKER RANDALL INTERNATIONAL
    AT A GLANCE

    Parker Randall Turner is a proud member of Parker Randall International, which is globally represented in 50 countries worldwide, with more than 100 offices and 2000 partners and staff members. 

    Parker Randall International is the alternative to the big 4 Audit and Accountancy firms. Globally specialised in Audit, Tax and Advisory services.

    Find out more...

  • Yacht & Shipping Services.

    All types of vessels can be registered under the Maltese Flag whilst benefiting from attractive fiscal inscentives.

    Find out more...
     

    PARKER RANDALL INTERNATIONAL
    AT A GLANCE

    Parker Randall Turner is a proud member of Parker Randall International, which is globally represented in 50 countries worldwide, with more than 100 offices and 2000 partners and staff members.

    Parker Randall International is the alternative to the big 4 Audit and Accountancy firms. Globally specialised in Audit, Tax and Advisory services.

    Find out more...

  • Trust & Fiduciary.

    Preservation of wealth, protection of family members, anonymity and confidentiality are all benefits of having a trust structure.

    Find out more...
     

    PARKER RANDALL INTERNATIONAL
    AT A GLANCE

    Parker Randall Turner is a proud member of Parker Randall International, which is globally represented in 50 countries worldwide, with more than 100 offices and 2000 partners and staff members.

    Parker Randall International is the alternative to the big 4 Audit and Accountancy firms. Globally specialised in Audit, Tax and Advisory services.

    Find out more...

  • Residency.

    Malta is becoming a very popular destination due to our stable economy, all year round good weather, general safety and feel-good factor!

    Find out more...
     

    PARKER RANDALL INTERNATIONAL
    AT A GLANCE

    Parker Randall Turner is a proud member of Parker Randall International, which is globally represented in 50 countries worldwide, with more than 100 offices and 2000 partners and staff members.

    Parker Randall International is the alternative to the big 4 Audit and Accountancy firms. Globally specialised in Audit, Tax and Advisory services.

    Find out more...

  • Company Formations.

    Setting up a company in Malta provides numerous benefits for foreign clients, mainly through the Maltese beneficial tax legislation. Our corporate services are delivered through the highest standards of quality.
    Find out more...

    PARKER RANDALL INTERNATIONAL
    AT A GLANCE

    Parker Randall Turner is a proud member of Parker Randall International, which is globally represented in 50 countries worldwide, with more than 100 offices and 2000 partners and staff members.

    Parker Randall International is the alternative to the big 4 Audit and Accountancy firms. Globally specialised in Audit, Tax and Advisory services.

    Find out more...

  • TAXATION.

    We provide guidance to the taxpayer throughout his business activities both locally and internationally. 

    Find out more...
     

    PARKER RANDALL INTERNATIONAL
    AT A GLANCE

    Parker Randall Turner is a proud member of Parker Randall International, which is globally represented in 50 countries worldwide, with more than 100 offices and 2000 partners and staff members.

    Parker Randall International is the alternative to the big 4 Audit and Accountancy firms. Globally specialised in Audit, Tax and Advisory services.

    Find out more...

Benefits of Trusts

A trust has several benefits some of which are described hereunder. A trust is used whenever the Settlor, who is the original owner of the property to be settled on Trust, deems that the property would be better placed in the hands of a third party, namely the Trustee, for the benefit of the Beneficiary.

All types of assets can be placed on trust, including immovable property, jewellery, works of art, cash, securities and investments, to mention but a few.

1. Preservation of Wealth
People use a trust to segregate property which they want to keep away from their creditors, or from their other personal wealth. Since in a Trust the property is held in the name of the Trustee, the creditors of the Settlor are not in a position to attack the Trust property to recover debts from the Settlor. This protection from potential liabilities is a great advantage of trusts.

A Trust can be designed to protect family wealth. Whilst allowing the children to enjoy income from the capital, the capital will rest in the hands of the Trustee thus preventing the children from selling or otherwise alienating the family assets.

In this case, the settlors settle family property and investment under trust for the benefit of the ultimate beneficiary.

Estate planning trusts can prevent the dissipation of family wealth. An example is when the Settlor wants children to enjoy the trust property without them having direct ownership with the possibility that they could alienate it due to lack of maturity or for any other reason. A trust can help wealthy parents give income to their children in accordance with their requirements.

The Settlor can use a trust to prevent assets being classified as joint property during marriage, or any other type of personal relationship.

2. Protection of Family Members
Some members of the family need more protection than others, especially if they have special needs or suffer from a condition which prevents them from taking care of themselves. A Trust ensures that these children will have protection during their life, even after the death of their parents.

3. Anonymity
Another benefit which the Settlor may avail of relates to the privacy of ownership, since it is only the Settlor and the Trustee who will be aware of the Ultimate Beneficiary Owner’s identity.

4. Confidentiality
Lastly, trusts under the Malta jurisdiction are not listed in a centralised register. This adds to the confidentiality of the trust structure.