• Private Trusts & Private Foundations

  quick question

  Posted by risingsun on July 16, 2024 at 10:42 am

  been meaning to ask….just wondered why the trust (solutions and empowerment’s) cannot have foreign beneficiaries? thanks

  SE.Founder replied 11 months ago 2 Members · 1 Reply
• 1 Reply

• 

  SE.Founder

  Member

  July 30, 2024 at 8:07 pm

  Hi

  The no foreign beneficiaries has nothing to do with Solutions Empowerment Trusts. It pertains to recent legislation that arose universally similtaineously. We only comply “on paper” so our Trusts are seen to conform so our clients can remain doing business within the public realm. If we were seen not to comply (doesn’t mean we actually comply) then our Trusts could not conduct business within the public realm. Hope that makes sense. Cheers Mark

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