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Maitland Group

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”.

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