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Humanitarian/Charitable Trusts
Do I Have To Register a Charitable Trust?
Absolutely not. It enjoys exactly the same rights as all of our trusts.
How Is This Different To A Premier Trust?
The essence of all trusts are the same. It is the ‘Intention of the Trust’ that is crucial in having your wishes stand the test of time for generation after generation. Your ‘Intention’ is written to provide for your specific requirements, a broader outlook, and a fall back allowing your humanitarian largess to reach where your passion exists, even if that changes over time if the ‘problem’ no longer exists.
Foundation Trusts
Whether you want a foundation that receives donations or a foundation that makes grants for philanthropic purposes, these trusts are perhaps the best application to achieve that.
We have mentioned before that these trusts operate at the highest level of integrity and common sense. They are written to include universal, natural, common and sovereign laws and codes – delivering an instrument that is higher than any manmade law (including common law on its own). The trust has no weaknesses and no limit to what can be done with the trust.
You do not need a separate trust, but can include the principles of a foundation within your Humanitarian/Charitable Trust – or any of the other trusts you have already set up with us.
Who Are The Beneficiaries of a Humanitarian/Charitable Trust?
In our other trusts we may put family and/or friends and/or businesses and/or foundations as the trust Beneficiaries. In this trust though, what if there a several projects? Do I put in the name of a Director of a project; the project name; what if that project finishes and I move onto other projects? Do I include them or do I have to get another trust? What happens to the other trust? Do those Beneficiaries still get paid? Let’s make this easy.
To make a trust valid there must be at least one Beneficiary. The Trustees can make payments to any valid project or person without making any of them Beneficiaries. Why not make you the Beneficiary and receive no payment from that trust?
Form For The Set Up of a Humanitarian/Charitable Trust (Foundation)
Please view the form to find the things you need to consider for this type of trust.
Sub Trusts
What is a Sub Trust?
These Trusts use a Management Agreement with the Premier Trust (main trust) to receive all funds and make all payments on behalf of the Sub Trust. This is an extra layer of privacy and makes the book keeping easier.
What Types of Sub Trusts are Available?
Currently available:
1. Real Property Caretaker
For when you want to pay a Beneficiary to live in the home and take care of it.
2. Real Property Lease
For when you want anybody to pay the Trust to live in the property and the Trust takes care of the property.
3. Vehicle Lease (Car)
For when you want to make a Trust vehicle available for lease to a Beneficiary and the Trust pays for the upkeep.
4. Vessel Lease (Boat)
For when you want to make a Trust vessel available for lease to a Beneficiary and the Trust pays for the upkeep.
5. Aircraft Lease (Plane, helicopter etc)
For when you want to make a Trust aircraft available for lease to a Beneficiary and the Trust pays for the upkeep.
6. UBO (Unregister Business Organization)
For when you want to run a business within the Trust. You engage contractors, pay no tax and claim no tax. A UBO can also be it’s own entity by simply creating it’s own bank account.
Any type of noble trust you wish to create can be accommodated. Just let us know.
Can the Humanitarian/Charitable Trust also be a Sub Trust?
Any trust that you don't want to have a bank account for and uses a Management Agreement with the main trust is deemed a sub trust.
How Do I Know How To Manage A Sub Trust?
To save you and your Trustees weeks, if not months of research and work, for every trust we provide, in addition to receiving your Sub Trust Deed, Schedules and Trust Abstract as a bonus you also receive:
· Management Pack (with step-by-step instructions)
· One page Certification of Trust to give to final third parties for trust privacy
· Trust Register – to track assets and corpus
· Minutes of Main Trust and Sub Trust showing all resolutions
· Management Agreement between Main Trust and Sub Trust
· Caretaker and/or Lease Agreements
· Condition Report if applicable.
Form For The Set Up of Sub Trusts
The same form is used for each of the sub trusts, however only one type of sub trust per form. You can save it as a master and make a copy for each sub trust.