Private Wealth Services

Some families need only consider the standard range of available trusts. Other families require alternatives: family LLPs to protect family business assets; a scholarship foundation; a business succession plan to address the future of an enterprise. Our experience is with every facet of estate administration. Setting up the right structures for wealth, creating inventories of assets, doing the accounting for estates’ assets. Having this done can eventually save the estate time and money. Crisp asset administration can also lead to a quicker, more complete distribution of the assets to heirs and legatees.

The role of trustee is a dutiful one: collecting, managing, investing trust assets. Trustees also accumulate and distribute income and principal from the trust. Yet another obligation – a personal liability – is following the trust’s instructions with care and with diligence. The trust structure is often useful for managing assets and, in many instances, for realising tax advantages. The challenge behind benefiting from a trust? Managing it all smoothly – including the record-keeping procedures. Being a trustee, after all, implies great responsibility. We provide you with experienced trustees. To free you for other pursuits, we care for the annual accounting to beneficiaries, for example. As important, we manage your trust’s investments, with an eye, of course, on a smart, diversified, yet prudent portfolio. Distributing income to your beneficiaries: this is another Intertrust task. And any other professional consultants you may need – attorneys, accountants, bookkeepers, investment consultants? We help hire in the people to advise on the trust.

How can we enhance your success in real estate investing? We assist you and your advisors with the relevant real estate issues: rental income. Capital gains. Tax returns. Annual real estate taxes. Wealth and gift taxes. 

Initially, the employer need only make small contribution. And it’s up to the company to decide what future funds to contribute. Trustees are usually empowered to augment existing funds. How? By borrowing from the employer or from third parties like banks. This is an approved method of accumulating income. In addition to funds, the company may also provide virtually any other kind of benefits. In fact, these benefits often can motivate staff – including corporate executives. Consider some of the benefits used as employee incentives. There are the so-called golden handcuffs – deferred discretionary bonuses, paid out after a fixed period. And what about the trust acquiring and holding shares – to be awarded to employees at a later time? The option to take loans may also be of interest. Participating in a long-term savings plan is another opportunity. The employee benefit trust can also be linked to beneficiaries’ permanent health insurance. That can mean medical insurance as a benefit of the trust and providing regular payments to employees unable to work due to illness. What is at the core of successful employee benefit trusts? Firm financial housekeeping. Intertrust is a proven, experienced partner in this. We create the trust. Administer it – for the employer and beneficiaries. It is the comfort of a reliable third party, ensuring that assets work according to plan.

Intertrust helps companies comply with pension legislation. And we work to fulfill employees’ expectations. We can provide the needed back-office support. Or we can deal directly with pension-fund members, acting as the company’s pension department. As pension administrators, it is our task to match each company’s pension requirements. ‘Administering pensions’ translates to performing a series of services: maintaining membership records, calculating benefits, making pension payments, acting as trustee, doing banking and reporting, attending shareholder meetings. Compliance and regulatory reporting are part of the mix. As are member services: help lines, communications and providing benefit statements. We have a reputation for setting the standard in trust. To support this claim where pensions are concerned, we regularly seek quality audits for our procedures. External quality assessors make these evaluations. Our own quality-management team also reviews us. Our clients are asked routinely for their opinions and approval. We are a licensed service provider.

Once the decision is made, what is the way forward? Plan the move well from the outset. Consider legal and fiscal implications. For example, which asset structure would be best for making the purchase? Will financing be private – or provided through a legal structure? Does your estate planning require property with a lower net value? Do you need to adapt your will or would it be best to have a foreign will made?

There are further complexities to consider. Remember that each country requires its own sales contracts. Be advised that regionally, the role of a notary public can differ. And what if the contract were to be suddenly dissolved? In that case, the possibility of introducing terms must be explored.

Why not let an Intertrust relationship manager settle all of these issues? Through our close relations with the financial world, we can even finance the foreign residence from your home country. This lets you remain independent of foreign banks and uncertain financing conditions. The benefits to you?
• Attractive financing
• Flexible mortgage conditions
• Convenient communication-no need to send financial documents back and forth between your residences
• Getting your foreign home valued via a local appraiser
• Having your mortgage deed drawn up to comply with the laws of your new home country