Trusts in Prime Jurisdictions

by Kaplan

• ISBN13: 9789041198150
• ISBN10: 9041198156
• Format: Hardcover
• Copyright: 2001-01-01
• Publisher: Kluwer Law Intl

Summary

The use of trusts in the modern, globalised economy is expanding rapidly. Trusts are employed, among many other purposes, For tax and estate planning, To protect assets from political unrest, and to address forced heirship issues. Indeed, they have almost become a necessity in an era which has seen the rise of multinational corporations, The frequent transfer of employees across jurisdictions, and an increase in the adoption of residence in another country by retirees and expatriates. Trusts in Prime Jurisdictions presents an overview of 15 jurisdictions where trusts are part of the economic and legal landscape. it comprises 27 expert papers, contributed by practitioners and academics, On various aspects of trust law, taxation and related subjects, both on and offshore. The work will be a valuable resource For The specialist practitioner wishing to gain a broader, international perspective, and For The professional newer To The field who requires a good basic knowledge of the subject.

Table of Contents

Foreword	vii
About the Editor	ix
Contributors	xi
Note to the Reader	xvi
Preface	xvii
Part I: Introduction
The Hague Convention on the Law Applicable to Trusts and Their Recognition	3	(10)
Hein Kotz
Overview of Trusts in England and Wales	13	(18)
Martyn Frost
Estate Planning with Trusts in the United States	31	(20)
Robert Whitman
Part II: Jurisdictional Overview
The UK Tax Treatment of Offshore Trusts	51	(76)
Richard Citron
Use of Trusts by US Citizens in International Tax Planning	127	(20)
J. Richard Duke
Estate Planning for US Citizens Residing Outside of the US	147	(10)
Diane K. Roskies
Trusts in Australia	157	(30)
Terry Johansson
Trusts in the Bahamas	187	(20)
Peter D. Maynard
Trust Law in the British Virgin Islands	207	(14)
Christopher J. McKenzie
Taxation of Trusts in Canada	221	(18)
Martin J. Rochwerg
Michelle T. Cass
Trusts in the Cayman Islands	239	(22)
Anthony Travers
Justin Appleyard
Trusts in Gibraltar	261	(22)
James Levy
Louise Kentish
Trusts in Guernsey	283	(10)
St John A. Robilliard
Use of Trust-Held Dutch Companies for International Tax Planning	293	(10)
Barry Larking
Jan A. Dekker
Trusts in India	303	(14)
Ravinder Nath
Trusts in Israel	317	(16)
Alon Kaplan
Tax Aspects of Trusts in Israel	333	(16)
Leon Harris
The Trust in the Liechtenstein Law on Persons and Companies	349	(24)
Guido Meier
Utilisation of Foreign Trust Structures in Luxembourg	373	(10)
Harold Parize
A Swiss Perspective on Trusts	383	(22)
Pietro Supino
Andreas C. Limburg
Part III: Special Topics
Asset Protection Trusts	405	(26)
Gideon Rothschild
The Uses of Trusts in the Commercial Context	431	(22)
David Hayton
The Use of UK Trusts for Holding and Dealing with Works of Art and Chattels	453	(22)
Douglas James Smith
Money Laundering Legislation in Israel	475	(18)
Gal Levertov
Offshore Centres under Attack	493	(14)
Richard J. Hay
Index	507