Our professional team of experts have a sound working knowledge of Isle of Man Foundations
These are often defined as an incorporated trust; a legal entity that brings together beneficial elements of both a trust and a company.
An Isle of Man Foundation is a separate legal entity just like a company, but has no shareholders. The charitable or non-charitable foundation can also hold assets, can trade with third parties and bring legal action all in its own name. The Foundation’s separate legal personality means all liabilities remain corporate liabilities of the Foundation and do not attach to Foundation members.
We have extensive experience in the law of trusts and settlements. We act for individuals and trust companies in the establishment of trusts and provide advice and assistance to trustees and administrators in respect of existing trusts.
Isle of Man Foundations & Trusts | What we do
We can assist with the following:
- Establishment of trusts and their drafting
- Advice on the terms of a trust
- Drafting documentation to change trustees, make distributions, reorganise the trust
- Our corporate service provider – MannBenham Fiduciaries – can provide trustees and administer trusts
- Provision of advice to trustees, settlors and beneficiaries in respect of the trust
- Advice on the duties of trustees and the rights of beneficiaries
- Helping to resolve disputes between trustees and beneficiaries
- Bringing or defending litigation proceedings in respect of a trust
Talk to us today
If you need to talk to someone about Isle of Man Foundations, then take the first step and email email@example.com or call us on 01624 639350 to arrange your free initial consultation with us today at our office, over the telephone or via video call.