Asset protection
and wealth planning for affluent people
You know the value of insuring your home, car and health. The time has come to safeguard your wealth appropriately
Key points
Affluent is making asset protection and wealth planning more accessible and transparent than ever.
Traditionally trusts have been utilised by the most financially savvy individuals. Take advantage of the structure tested through the centuries’ that Affluent uplifted into our digital age.
Keep the things that matter most all in one place. Update your plan as your life changes via our secure digital platform; anytime, anywhere.
Why now?
Once settled into a trust, your assets will be treated differently. This means that they will be safeguarded from future creditors and legal challenges. It also means that they may be subject to more favourable Inheritance Tax rules.
It is vital to make sure that your wealth is working in the most efficient way while keeping it remote from the unexpected risks that you may be exposed to, whether it is just unfortunate circumstances, dishonest counterparties or an unexpected tax bill.
Many small and big fortunes were lost because of a lack of wealth planning or poor structuring. Our clients don’t fall into this category.
Who needs to set up a trust?
Anyone
who wants to protect their assets and increase tax efficiency
Anyone
who wants to make an inheritance process as smooth as possible including reducing tax bills for your successors and unnecessary admin during difficult times
The most common personal financial planning mistake VCs see founders make is not creating a trust to put some shares into early on.
Jason Shuman
@JasonrShuman
@JasonrShuman
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Affluent can help you to preserve and grow your wealth. It will bring peace of mind and let you and your loved ones maximise the benefits from the talent, time and effort that you devoted to building your capital
FAQ
Trust
A trust is an equitable obligation, binding a person (who is called a trustee) to deal with property over which he has control (which is called the trust property), for the benefit of persons (who are called the beneficiaries), any one of whom may enforce the obligation. Any act or neglect on the part of a trustee which is no authorised or excused by the terms of the trust instrument, or by law, is called a breach of trust. The control of the trustee, may under the terms of a trust, be subject to fiduciary or personal powers vested in another person, who may sometimes be expressly designated a “protector”.
A trust is an obligation. In order to create this obligation and ensure it is enforceable, there are certain minimum requirements, namely three conditions must be satisfied. Three “certainties” must be present:
Settlor
The settlor is the person who establishes the trust; he is the person who transfers money or other property to trustees for them to hold upon the terms of the trust.
It can be an individual or a corporate entity.
Trustee
The initial trustees are appointed by the settlor. The trustees hold the legal title of the trust property subject to the terms of the trust and their fiduciary duties owed to the beneficiaries.
Every person who is capable of owning a legal interest in property may be appointed as trustee.
A trustee must at all times:
Beneficiaries
The beneficiaries are the persons for whose benefit the trust is created. They may be named and identified in the trust instrument or described by reference to a class of beneficiaries.
A beneficiary has a personal right to enforce the terms of the trust and ensure that its provisions are adhered to by the trustees. In the absence of any specific provision in the trust instrument, the beneficiaries have no right or power to influence how the trust should be administered by the trustees.
Protector
The role of the protector is broadly to protect the trust assets on behalf of the beneficiaries and ensure that the trustee complies with the terms of the trust.
Any person or corporate entity may be appointed protector.
A trust is an equitable obligation, binding a person (who is called a trustee) to deal with property over which he has control (which is called the trust property), for the benefit of persons (who are called the beneficiaries), any one of whom may enforce the obligation. Any act or neglect on the part of a trustee which is no authorised or excused by the terms of the trust instrument, or by law, is called a breach of trust. The control of the trustee, may under the terms of a trust, be subject to fiduciary or personal powers vested in another person, who may sometimes be expressly designated a “protector”.
A trust is an obligation. In order to create this obligation and ensure it is enforceable, there are certain minimum requirements, namely three conditions must be satisfied. Three “certainties” must be present:
- Certainty of intention – it must be certain that the settlor intended to create a trust and
- Certainty of subject – the subject matter of the trust must be certain, the trust property clearly identified and
- Certainty of objects – the objects (or beneficiaries) of the trust must be certain.
Settlor
The settlor is the person who establishes the trust; he is the person who transfers money or other property to trustees for them to hold upon the terms of the trust.
It can be an individual or a corporate entity.
Trustee
The initial trustees are appointed by the settlor. The trustees hold the legal title of the trust property subject to the terms of the trust and their fiduciary duties owed to the beneficiaries.
Every person who is capable of owning a legal interest in property may be appointed as trustee.
A trustee must at all times:
- Comply strictly with the terms of the trust deed;
- Act honestly and in good faith and exercise his powers in the best interests of the
- beneficiaries, putting their interest first, before his own self-interest and the
- interests of others;
- Be loyal to the beneficiaries;
- Avoid conflicts of interests, so that he must not put himself in a position where his duty to the beneficiaries conflicts (or may conflict) with his own self-interest or his duties to others;
- Keep trust property separate from his own, maintain accurate records relating to trust property and be ready to produce accounts showing historical receipts and payments made from the trust fund.
Beneficiaries
The beneficiaries are the persons for whose benefit the trust is created. They may be named and identified in the trust instrument or described by reference to a class of beneficiaries.
A beneficiary has a personal right to enforce the terms of the trust and ensure that its provisions are adhered to by the trustees. In the absence of any specific provision in the trust instrument, the beneficiaries have no right or power to influence how the trust should be administered by the trustees.
Protector
The role of the protector is broadly to protect the trust assets on behalf of the beneficiaries and ensure that the trustee complies with the terms of the trust.
Any person or corporate entity may be appointed protector.
Any type of assets including digital assets.
There is no upside in waiting when it comes down to asset protection. Moreover, you can always add new assets to a Trust.
We’ll walk you through everything you need to do one question at a time. Our platform powered by an expert team is standing by to ensure that you create a perfect, customised structure to meet your needs.
It takes most people about 30 minutes to complete their Trust after we jointly determine the goals and target structure and 5 minutes to nominate a Protector when and if needed.
All of our documents are built by attorneys and customized by you. Every plan is legally-valid, country-specific, and created to meet your specific needs.
In order to ensure your Trust is legally binding, sign and notarize the documents upon receiving or downloading.
In order to ensure your Trust is legally binding, sign and notarize the documents upon receiving or downloading.
As previously discussed the principal duties and obligations of the trustees are:
Comply strictly with the terms of the trust deed:
It is therefore crucial, when the trustee takes a decision, to check the trust deed and to make sure that it has the power to do so under the terms of the trust deed or by law.
Act honestly and in good faith and exercise his powers in the best interests of the beneficiaries, putting their interest first, before his own self-interest and the interests of others.
In order to comply with this obligation, it is very important to understand the family situation and have as much information as possible on the beneficiaries and their circumstances. Do not forget that the settlor is not your client but the beneficiaries as a whole are.
Avoid conflicts of interests, so that he must not put himself in a position where his duty to the beneficiaries conflicts (or may conflict) with his own self-interest or his duties to others
This is the main reason why it is highly recommended to use an independent trustee to separate the administration of the trust and the investment of the trust assets. One of the main conflict of interest we can find is when the trustee and the investment manager is the same person.
Keep trust property separate from his own, maintain accurate records relating to trust property and be ready to produce accounts showing historical receipts and payments made from the trust fund:
It is crucial that that the trustee be able to demonstrate and list the trust property held under the terms of a trust. There should be no ambiguity as to what assets are held, what decisions the trustee has made during the lifetime of the trust. Preparation of accurate Financial Statements, keeping records of trustee’s decisions through minutes, keeping copies of contracts and any documents proving that the trustees has complied with its duties and obligations to manage and protect the trust assets is therefore crucial.
Comply strictly with the terms of the trust deed:
It is therefore crucial, when the trustee takes a decision, to check the trust deed and to make sure that it has the power to do so under the terms of the trust deed or by law.
Act honestly and in good faith and exercise his powers in the best interests of the beneficiaries, putting their interest first, before his own self-interest and the interests of others.
In order to comply with this obligation, it is very important to understand the family situation and have as much information as possible on the beneficiaries and their circumstances. Do not forget that the settlor is not your client but the beneficiaries as a whole are.
Avoid conflicts of interests, so that he must not put himself in a position where his duty to the beneficiaries conflicts (or may conflict) with his own self-interest or his duties to others
This is the main reason why it is highly recommended to use an independent trustee to separate the administration of the trust and the investment of the trust assets. One of the main conflict of interest we can find is when the trustee and the investment manager is the same person.
Keep trust property separate from his own, maintain accurate records relating to trust property and be ready to produce accounts showing historical receipts and payments made from the trust fund:
It is crucial that that the trustee be able to demonstrate and list the trust property held under the terms of a trust. There should be no ambiguity as to what assets are held, what decisions the trustee has made during the lifetime of the trust. Preparation of accurate Financial Statements, keeping records of trustee’s decisions through minutes, keeping copies of contracts and any documents proving that the trustees has complied with its duties and obligations to manage and protect the trust assets is therefore crucial.
You do not need an attorney to create a legally binding Trust. If you feel more comfortable speaking with an attorney, we facilitate and make relevant connections.
Affluent makes it easy to update your documents. Simply log in to your account and make any necessary changes. We suggest updating your plan after any major life event or every three to five years.
We use bank-level security to protect and encrypt your personal information. We’re serious about security and we’ll never sell or share your information without consent.
Trust
A trust is an equitable obligation, binding a person (who is called a trustee) to deal with property over which he has control (which is called the trust property), for the benefit of persons (who are called the beneficiaries), any one of whom may enforce the obligation. Any act or neglect on the part of a trustee which is no authorised or excused by the terms of the trust instrument, or by law, is called a breach of trust. The control of the trustee, may under the terms of a trust, be subject to fiduciary or personal powers vested in another person, who may sometimes be expressly designated a “protector”.
A trust is an obligation. In order to create this obligation and ensure it is enforceable, there are certain minimum requirements, namely three conditions must be satisfied. Three “certainties” must be present:
Settlor
The settlor is the person who establishes the trust; he is the person who transfers money or other property to trustees for them to hold upon the terms of the trust.
It can be an individual or a corporate entity.
Trustee
The initial trustees are appointed by the settlor. The trustees hold the legal title of the trust property subject to the terms of the trust and their fiduciary duties owed to the beneficiaries.
Every person who is capable of owning a legal interest in property may be appointed as trustee.
A trustee must at all times:
Beneficiaries
The beneficiaries are the persons for whose benefit the trust is created. They may be named and identified in the trust instrument or described by reference to a class of beneficiaries.
A beneficiary has a personal right to enforce the terms of the trust and ensure that its provisions are adhered to by the trustees. In the absence of any specific provision in the trust instrument, the beneficiaries have no right or power to influence how the trust should be administered by the trustees.
Protector
The role of the protector is broadly to protect the trust assets on behalf of the beneficiaries and ensure that the trustee complies with the terms of the trust.
Any person or corporate entity may be appointed protector.
A trust is an equitable obligation, binding a person (who is called a trustee) to deal with property over which he has control (which is called the trust property), for the benefit of persons (who are called the beneficiaries), any one of whom may enforce the obligation. Any act or neglect on the part of a trustee which is no authorised or excused by the terms of the trust instrument, or by law, is called a breach of trust. The control of the trustee, may under the terms of a trust, be subject to fiduciary or personal powers vested in another person, who may sometimes be expressly designated a “protector”.
A trust is an obligation. In order to create this obligation and ensure it is enforceable, there are certain minimum requirements, namely three conditions must be satisfied. Three “certainties” must be present:
- Certainty of intention – it must be certain that the settlor intended to create a trust and
- Certainty of subject – the subject matter of the trust must be certain, the trust property clearly identified and
- Certainty of objects – the objects (or beneficiaries) of the trust must be certain.
Settlor
The settlor is the person who establishes the trust; he is the person who transfers money or other property to trustees for them to hold upon the terms of the trust.
It can be an individual or a corporate entity.
Trustee
The initial trustees are appointed by the settlor. The trustees hold the legal title of the trust property subject to the terms of the trust and their fiduciary duties owed to the beneficiaries.
Every person who is capable of owning a legal interest in property may be appointed as trustee.
A trustee must at all times:
- Comply strictly with the terms of the trust deed;
- Act honestly and in good faith and exercise his powers in the best interests of the
- beneficiaries, putting their interest first, before his own self-interest and the
- interests of others;
- Be loyal to the beneficiaries;
- Avoid conflicts of interests, so that he must not put himself in a position where his duty to the beneficiaries conflicts (or may conflict) with his own self-interest or his duties to others;
- Keep trust property separate from his own, maintain accurate records relating to trust property and be ready to produce accounts showing historical receipts and payments made from the trust fund.
Beneficiaries
The beneficiaries are the persons for whose benefit the trust is created. They may be named and identified in the trust instrument or described by reference to a class of beneficiaries.
A beneficiary has a personal right to enforce the terms of the trust and ensure that its provisions are adhered to by the trustees. In the absence of any specific provision in the trust instrument, the beneficiaries have no right or power to influence how the trust should be administered by the trustees.
Protector
The role of the protector is broadly to protect the trust assets on behalf of the beneficiaries and ensure that the trustee complies with the terms of the trust.
Any person or corporate entity may be appointed protector.
Any type of assets including digital assets.
There is no upside in waiting when it comes down to asset protection. Moreover, you can always add new assets to a Trust.
We’ll walk you through everything you need to do one question at a time. Our platform powered by an expert team is standing by to ensure that you create a perfect, customised structure to meet your needs.
It takes most people about 30 minutes to complete their Trust after we jointly determine the goals and target structure and 5 minutes to nominate a Protector when and if needed.
All of our documents are built by attorneys and customized by you. Every plan is legally-valid, country-specific, and created to meet your specific needs.
In order to ensure your Trust is legally binding, sign and notarize the documents upon receiving or downloading.
In order to ensure your Trust is legally binding, sign and notarize the documents upon receiving or downloading.
As previously discussed the principal duties and obligations of the trustees are:
Comply strictly with the terms of the trust deed:
It is therefore crucial, when the trustee takes a decision, to check the trust deed and to make sure that it has the power to do so under the terms of the trust deed or by law.
Act honestly and in good faith and exercise his powers in the best interests of the beneficiaries, putting their interest first, before his own self-interest and the interests of others.
In order to comply with this obligation, it is very important to understand the family situation and have as much information as possible on the beneficiaries and their circumstances. Do not forget that the settlor is not your client but the beneficiaries as a whole are.
Avoid conflicts of interests, so that he must not put himself in a position where his duty to the beneficiaries conflicts (or may conflict) with his own self-interest or his duties to others
This is the main reason why it is highly recommended to use an independent trustee to separate the administration of the trust and the investment of the trust assets. One of the main conflict of interest we can find is when the trustee and the investment manager is the same person.
Keep trust property separate from his own, maintain accurate records relating to trust property and be ready to produce accounts showing historical receipts and payments made from the trust fund:
It is crucial that that the trustee be able to demonstrate and list the trust property held under the terms of a trust. There should be no ambiguity as to what assets are held, what decisions the trustee has made during the lifetime of the trust. Preparation of accurate Financial Statements, keeping records of trustee’s decisions through minutes, keeping copies of contracts and any documents proving that the trustees has complied with its duties and obligations to manage and protect the trust assets is therefore crucial.
Comply strictly with the terms of the trust deed:
It is therefore crucial, when the trustee takes a decision, to check the trust deed and to make sure that it has the power to do so under the terms of the trust deed or by law.
Act honestly and in good faith and exercise his powers in the best interests of the beneficiaries, putting their interest first, before his own self-interest and the interests of others.
In order to comply with this obligation, it is very important to understand the family situation and have as much information as possible on the beneficiaries and their circumstances. Do not forget that the settlor is not your client but the beneficiaries as a whole are.
Avoid conflicts of interests, so that he must not put himself in a position where his duty to the beneficiaries conflicts (or may conflict) with his own self-interest or his duties to others
This is the main reason why it is highly recommended to use an independent trustee to separate the administration of the trust and the investment of the trust assets. One of the main conflict of interest we can find is when the trustee and the investment manager is the same person.
Keep trust property separate from his own, maintain accurate records relating to trust property and be ready to produce accounts showing historical receipts and payments made from the trust fund:
It is crucial that that the trustee be able to demonstrate and list the trust property held under the terms of a trust. There should be no ambiguity as to what assets are held, what decisions the trustee has made during the lifetime of the trust. Preparation of accurate Financial Statements, keeping records of trustee’s decisions through minutes, keeping copies of contracts and any documents proving that the trustees has complied with its duties and obligations to manage and protect the trust assets is therefore crucial.
You do not need an attorney to create a legally binding Trust. If you feel more comfortable speaking with an attorney, we facilitate and make relevant connections.
Affluent makes it easy to update your documents. Simply log in to your account and make any necessary changes. We suggest updating your plan after any major life event or every three to five years.
We use bank-level security to protect and encrypt your personal information. We’re serious about security and we’ll never sell or share your information without consent.
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