Before you acquire a property, a business or some other asset it is wise to consider the legal structure you will use to own it. At Argon Law, we help clients set up companies and trusts before they purchase assets or begin business ventures. This is to ensure those new assets are kept legally separate from their home and other existing assets, thereby protecting them from debts and other problems which may arise in respect of the new assets. We can suggest and implement different asset protection strategies for business and property owners (including marine and waterfront assets).
Family or discretionary trusts are commonly used to hold investment and business assets including real estate. Such structures allow the profits generated by such assets to be distributed amongst different family members and related entities in a manner that enables the family group to reduce its overall tax costs. We often advise clients about whether such structures are suitable for them and provide the trust deeds and other items necessary to establish them.