City Trust, as authorised by the Irish Department of Justice and Law Reform. As a member of the STEP Trust association has proven itself over many years to be an unequalled provider of trust and personal finance solutions. Whether you are looking to protect the wealth you have built up and earned, or are the overseer of family assets. City Trust can build a tailored structure to suit your needs.
We realise what a difficult decision it can be, to transfer very valuable assets to a third party. Which is why we develop relationships over long periods of time and are transparent in everything we do. We provide specialist trust formation and management services and work closely with the clients’ other professional advisors to ensure our services are in line with the client’s overall wealth strategy.
The main categories of Trusts we deal with are:
Discretionary trust: whereby the trustees have absolute discretion to manage the trust assets in accordance with the deed and as guided by a protector and /or a letter of wishes from the settlor; this is the most flexible of trusts.
Purpose trust: there is a defined purpose for the trust assets.
Fixed interest trust: in which there is a defined benefit for all or certain beneficiaries.
Accumulation and maintenance trust: the typical intention is to ensure the needs of beneficiaries under the age of 25 are met by the trustees from the trust assets.
Orphan trust: this is typically used in commercial or structured finance transactions. Where there may be a combination of requirements ranging from asset security, off-balance-sheet financing to creditor subordination to ring-fencing of cash flows.
The structure of the final trust may loosely fall into one of the aforementioned categories but could differ substantially from the norm as it is built according to specific needs.
We have experience in providing trust services in a number of jurisdictions, including Ireland, which has a very favourable, secure legal framework and the tax regime for the building of Trusts.
For further details on the Trust services we provide for our private clients please contact Danny Cox directly at firstname.lastname@example.org, or on +353 87 275 4984, or indeed at the office on +353 1 675 3140.