Trust Services
Josabeth Cassar
Trustee Services Unit
Where are we coming from?
Bank of Valletta plc obtained the Licence to
carry out Trustee Services under the Trust
and Trustees Act in May 2005 from the Malta
Financial Services Authority
…the benefit of an impartial presence
in the administration
of your estate
Working closely with you
to develop
customised solutions,
while ensuring
that your needs are
fully understood,
continually evaluated and met…
That is what estate planning is all about!
To plan…or not to plan
How can I simplify the estate administration process and the
payment of taxes for my family upon my death?
I have a ‘blended’ family from different marriages – what happens
to them?
What will happen to my special – needs child?
Are you legally separated with minor children and are concerned
about an ex-spouse managing your property after your death?
Are you considering to buy a property with your partner but are
not legally married?
To plan…or not to plan
What happens to my personal wealth if I become legally
incapable of handling my affairs?
What happens if my children cannot decide upon the
manner with which to divide the inheritance?
How can I be protect my children even after I’m gone?
Will my spouse and children be able to survive
financially?
What will happen to my business after my demise?
Confidentiality
Trusts are not registered with any public authority… unlike a
will, contract or company statute
Continuity
A Trust can be created during the lifetime of the Settlor and
continue to exist after the Settlor’s death… long term
planning
Longevity
Trust may continue for up to 100 years from date of
existence… wealth protection
Flexibility
Ways of arranging property for the benefit of other
people without giving them full control …
and structured to meet clients’ specific needs
Benefits of Trusts
Estate Planning
Protection of family members
Asset protection
Preserving of family wealth
Provision for spouses, dependents
and other persons
Succession Tax planning
The Attractions of using Malta as a location for
settling Assets under Trust
Malta, a member state of the European Union offers political and
economical stability
Recognition by Maltese Courts of Private International Law and
recognition of the Hague Convention on the Law applicable to Trusts
Advantageous tax legislation for non-residents
Highly regulated financial services regime supervised and licensed by the
Malta Financial Services Authority
The Attractions of using Malta as a location for
settling assets under Trusts
Malta also offers:
A prime geographic location in the central Mediterranean in
addition to its multi-lingual population
A high degree of professional licensed Trustee Services
providers, legal and support services
Favorable tax incentives in relation to Trust back office
administration/operations in Malta
Significantly lower costs in settling and administering a Trust
those charged in other countries
than
Why Bank of Valletta as Trustee?
Bank of Valletta is licensed by the Malta Financial
Services Authority to act as Trustee and offer
Trustee Services:
Peace of mind knowing that the Trust is under the control and
management of a reputable Bank
The convenience of a one stop shop offering: Trustee Services,
Banking Services and Investment Management Services.
Personal and dedicated service of professional Trust Officers adopting
a relationship management approach.
Thank You