1. What is a trust?
A trust is a three party fiduciary relationship whereby the
first party (settlor or trustor) transfers a property to the second
party (trustee) who holds it in trust for the benefit of the third
party (beneficiary).
2. What is the purpose of setting up a trust?
Trusts are commonly used for tax planning purposes, privacy and
asset protection. Moreover, there can be other advantages of
creating a trust.
3. What are the different types of trusts?
There are several different types of trusts including Express
Private Trusts, Resulting Trusts, Implied Trusts, Constructive
Trusts , Charitable Trusts, Discretionary Trusts and Fixed
Trusts.
4. What is the law related to trusts in Cyprus?
