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family trust

June 20, 2017
In the second of a two part commentary, global advisory firm Maitland Group, considers a family trust as a financial institution or a non-financial entity.

In the second of a two part commentary, global advisory firm Maitland Group, considers a family trust as a financial institution or a non-financial entity.

No one likes to be a square peg in a round hole. It doesn’t feel right. However, for protectors of family trusts with an eye on the new Common Reporting Standard (CRS) requirements, it can often be better for the trust to wear the incongruous name of “financial institution” than the alternative of “passive non-financial entity”.

June 15, 2017

In the first of a two part commentary, global advisory firm Maitland Group, explains what the Common Reporting Standard means for protectors of family trusts.

In the first of a two part commentary, global advisory firm Maitland Group, explains what the Common Reporting Standard means for protectors of family trusts.

Being the protector of a family trust can seem a pretty thankless task. The role comes with a swathe of duties and obligations, albeit laudable, and will often be unremunerated. What’s more, protectors will frequently incur personal expense and inconvenience arising from their office.

April 4, 2017

Well planned and managed trusts can be a huge help in managing family business wealth and legacy but what happens when the relationship between trustees and beneficiaries breaks down? Richard Manyon, disputes resolution partner at Payne Hicks Beach, takes a look.

Well planned and managed trusts can be a huge help in managing family business wealth and legacy but what happens when the relationship between trustees and beneficiaries breaks down? Richard Manyon, disputes resolution partner at Payne Hicks Beach, takes a look.

February 27, 2017

Asia is home to a third of the world’s ultra-high net worth people and as a market can make or break a multinational’s bottom line yet family businesses are playing catch up to the west in formalising their family offices.

Asia is home to a third of the world’s ultra-high net worth people and as a market can make or break a multinational’s bottom line yet family businesses are playing catch up to the west in formalising their family offices.

May 28, 2015

Australia’s wealthiest woman, Gina Rinehart, has been order by the supreme court to pass control of the family trust to her daughter, ending a four-year feud with two of her children, and loosening her grip on the family firm.

Australia’s wealthiest woman, Gina Rinehart, has been order by the supreme court to pass control of the family trust to her daughter, ending a four-year feud with two of her children, and loosening her grip on the family firm.

The second-gen to a iron ore mining empire, Hancock Prospecting, Rinehart changed the vesting date of the multi-billion dollar Hope Margaret Hancock Trust in 2011 to 2068, just days before it was due to pay out.

August 17, 2010

The property group controlled by Robert and Vincent Tchenguiz, the Rotch Property Group, recorded a £25 million loss in its last financial year, according to a report in the Financial Times, which cited Companies House filings.

The property group controlled by Robert and Vincent Tchenguiz, the Rotch Property Group, recorded a £25 million loss in its last financial year, according to a report in the Financial Times, which cited Companies House filings. 

The company is controlled by the Tchenguiz Family Trust, which holds the majority of the family's wealth. The loss was for the period up until the end of May 2009 and compares with the £32.5 million in the previous year.

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