Download presentation
Presentation is loading. Please wait.
Published byAnnabelle McKinney Modified over 9 years ago
1
Dublin, Ireland
2
2009 Delaware Trust Conference The Delaware Difference v the World Liam Brazil Mason Hayes+Curran DECEMBER 2 2009 WILMINGTON DELAWARE
3
Trusts – Historical Perspective Common law Equitable principles Lack of statutory framework Law Reform Commission
4
Taxation Overview Inheritance Tax: comparison Irish Government initiatives re corporate entities Ireland as a reputable common law jurisdiction Member of EU White List
5
Types of Trust Intentionally (Express) Bare Life Interest / Fixed Discretionary Operation of law Resulting trust Constructive trust
6
Use of Trusts Commercial/financial Secured Syndicated Loans/Securitisations/Bonds Orphan Trusts – off balance sheet Pension Trusts Employee Benefit Trusts Substantial shareholding in companies “Resting in Contract” Unit Trusts Real Estate Investment Trusts (Not in Ireland)
7
Use of Trusts (cont) Private/personal arrangements Asset/Wealth Protection –Protection from claims Improvident child Provide for children in a considered way
8
Use of Trusts – examples SettlorIrish sited assetsIrish resident trusteesIrish Tax Irish Bankruptcy Irish Family Law SettlorNon Irish sited assetsNon Irish resident trust company No Irish Tax No Irish Law implications (reckoning)
9
Combination Effect Favourable Corporate Tax Regime Movement of Management – Individuals –Settle non Irish assets Irish Real Estate – Irish Will – simplifies Probate
10
2009 Delaware Trust Conference The Delaware Difference v the World Liam Brazil Mason Hayes+Curran DECEMBER 2 2009 WILMINGTON DELAWARE
Similar presentations
© 2024 SlidePlayer.com Inc.
All rights reserved.