Description
About
The Benefits
- Comprehensive Asset Protection: Assets settled into the trust before or after a creditor’s claim accrues are fully safeguarded from the date of settlement, ensuring maximum protection.
- Creditor Deterrence: Any creditor seeking to claim trust assets must first pay a substantial USD 100,000 bond into the Nevis High Court, acting as a significant deterrent against unwarranted claims.
- Stringent Fraudulent Transfer Criteria: Fraudulent transfer claims require creditors to prove, beyond reasonable doubt, that the settlor intended to defraud the specific creditor, providing robust protection against fraudulent claims.
- Non-Recognition of Foreign Judgments: Nevis does not recognize foreign judgments that conflict with its trust legislation, enhancing the trust’s legal resilience.
- Exemption from Forced Heirship Legislation: Nevis trusts are not subject to forced heirship laws in the settlor’s or any beneficiary’s jurisdiction, ensuring the settlor’s wishes are preserved.
- Perpetual Duration: Nevis trusts may exist indefinitely, allowing for the creation of multigenerational dynastic trusts, ensuring long-term wealth preservation and succession planning.
- Confidentiality Protection: Robust confidentiality provisions prohibit the disclosure of trust information to third parties without authorization, safeguarding the privacy and confidentiality of trust assets and arrangements.
Offshore Bank Account
- Our Offshore Bank Account offering provides a comprehensive and secure offshore banking solution designed to complement your structure seamlessly. Experience a suite of private banking solutions that are typically unavailable in retail banks, all while enjoying the robust asset protection and privacy provisions afforded by the Nevis jurisdiction.
About Nevis
Nevis, situated in the Caribbean, is recognized for its robust and secure offshore financial landscape. Particularly renowned for its Nevis LLC product, Nevis has demonstrated a commitment to financial privacy and asset protection and is an excellent jurisdiction for individuals seeking to preserve and safeguard their wealth in a jurisdiction closer to the Americas.
Common Uses
Nevis Trusts are commonly used for asset protection, estate planning, and privacy. They shield assets from creditors, manage wealth across generations, and ensure confidentiality. Nevis Trusts also facilitate business succession and charitable giving, offering comprehensive solutions within a favorable legal environment, attaching an offshore bank account to this structure allows for private banking benefits not found in traditional banks.
About
The Structure
- Settlor(s): The settlor is the person who creates the trust by transferring assets (such as money, property, or investments) into the trust. The settlor establishes the terms and conditions of the trust and decides how the trust assets will be managed and distributed. After creating the trust, the settlor no longer owns the assets transferred into the trust; instead, they are held by the trustee for the benefit of the beneficiaries.
- Trustee: The trustee is responsible for managing the trust assets according to the instructions provided by the settlor in the trust deed or agreement. The trustee holds legal title to the trust assets and has a fiduciary duty to act in the best interests of the beneficiaries. This includes managing investments, distributing income or assets to beneficiaries as specified in the trust deed, and ensuring compliance with relevant laws and regulations.
- Protector: In some trusts a protector may be appointed. The protector’s role is to oversee the trustee’s activities and ensure that the trust is administered in accordance with the settlor’s wishes and the best interests of the beneficiaries. The protector may have powers to remove and appoint trustees or to approve certain decisions related to the trust.
- Beneficiary(ies): Beneficiaries are the individuals or entities who are entitled to benefit from the trust. Beneficiaries can include specific named individuals, such as family members or charitable organizations, or they may be defined by a class (e.g., all grandchildren of the settlor). Beneficiaries can receive income generated by the trust assets or may have the right to receive distributions of trust assets at specific times or under certain conditions, as outlined in the trust deed.
Offshore Bank Account
- The Nevis Trust will own and operate the offshore bank account. This account, held within the framework of the trust, serves as a secure vehicle for managing and safeguarding assets in accordance with the trust’s objectives and the interests of its beneficiaries.
FAQ: NEVIS TRUST
Where is Nevis?
Nevis is a Caribbean island situated in the West Indies. Positioned in the Lesser Antilles, it is located in close proximity to the eastern coast of Puerto Rico.Known for its natural beauty and tropical climate, Nevis is part of the Federation of Saint Kitts and Nevis. With its pristine beaches, lush landscapes, and a richhistorical heritage, Nevis attracts those seeking a serene escape in the heart of the Caribbean.
Situated approximately 300 kilometers (186 miles) southeast of Puerto Rico, Nevis boasts a tranquil environment and is accessible by air and sea. The island ischaracterized by its picturesque landscapes, including the iconic Nevis Peak, a dormant volcano that adds to the island’s allure. Charlestown serves as thecapital of Nevis, while Basseterre, located on the neighboring island of Saint Kitts, is the capital of the Federation.
In addition to its natural charm, Nevis has established itself as a reputable jurisdiction for offshore financial services. The island offers a range of financial solutions, including trusts and international business entities, making it an attractive destination for those seeking financial privacy, security, and strategic wealth management.
What is a Nevis Trust?
A Nevis Trust is a legal arrangement where assets are transferred to a trustee to hold and manage for the benefit of beneficiaries. Nevis Trusts are established under Nevis law and offer robust asset protection and confidentiality features.
Why use Offshore Broker for my Nevis Trust?
Offshore Broker provides a cost-effective and efficient solution for establishing your Nevis Trust, offering significant savings compared to traditional methods that can cost between $15,000 to $30,000 USD. Our online platform simplifies the trust formation process while maintaining the highest standards of service. We partner with reputable registered agents and service providers who meet our stringent criteria, ensuring professionalism and reliability throughout the trust establishment process. With Offshore Broker, you benefit from a streamlined and affordable approach to setting up your Nevis Trust without compromising on quality or expertise.
Who can set up a Nevis Trust?
Anyone, including individuals, families, and businesses, can establish a Nevis Trust. There are no residency requirements for settlors or beneficiaries, making Nevis Trusts accessible to international clients.
Why is the Nevis Trust so popular with American citizens?
Nevis Trusts are popular among Americans not only because of the asset protection advantages such a structure offers but because Nevis is geographically close to the USA. Its proximity allows for convenient travel and communication with service providers. This physical closeness facilitates easier oversight and coordination of the trust’s activities, providing a level of comfort and accessibility to American clients utilizing Nevis as an offshore jurisdiction for asset protection and wealth management.
Why should I choose Nevis over a domestic Nevis Trust?
Domestic trusts are generally established under the laws of the settlor’s home country. While they offer a familiar method for managing and distributing assets, they are more susceptible to domestic legal challenges, creditor claims, and specific tax considerations within that jurisdiction. Furthermore, domestic asset protection trusts may still be vulnerable to judgments and legal actions within their home jurisdiction. In contrast, choosing a Nevis Trust provides a stronger shield against these challenges, offering enhanced privacy, global recognition, and robust legal safeguards.
