Our client is a very successful entrepreneur who operates a real estate investment fund. He has a number of corporate structures which are complex – these are both onshore and offshore. Our client wanted to ensure that no conflicts would arise in relation to the sale of the business. Maintaining independence from minority shareholders was a priority. The company is particularly niche and not one where it would be appropriate for fellow investors or family to manage. In addition, our client wanted to benefit immediate and wider family whilst ensuring there is some level of discretion to take account of any change in circumstances. The firm prepared the client’s will to incorporate a discretionary trust with a very detailed letter of wishes. That letter of wishes was the result of a collaboration between the client, his corporate advisor, Russell-Cooke Trust Company (RCTC) and the future corporate director (offshore fiduciary service).
RCTC were able to offer their independent trustee and executor service. This provided the client with the confidence of impartiality coupled with our wide ranging expertise to help with the sale of the business, administering his estate and ultimately managing the trust and sale proceeds.