Descriptive Notes And Contents List
The
Trusts report studies the 20 top jurisdictions
which offer trust regimes. It's a fairly well
known fact that the trust originated in England
many hundreds of years ago, and that its purpose
was to preserve assets against depredations
occurring through death, matrimonial and family
squabbles, spendthrift descendants and the like.
Taxation at death was one of the incidents that
trusts were effective against, but they were
not particularly designed to guard against the
taxation of income or capital during the settlor's
life, because such taxes were not a major threat
to wealth at the time, and anyway a domestic
trust was a taxable person in itself. Now the
trust is a major component of asset protection
structures, as well as having many business
uses.
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