Trusts are created either by Will (Testamentary Trusts) or inter vivos, by a Trust Deed or Declaration, that is to say, in writing. It is possible, but undesirable to have a verbal trust. International wills can be extremely useful in an estate planning exercise, but typically, offshore trusts take effect during the settlor's lifetime, in order to provide a structured regime for personal planning.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought for your specific circumstances.
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