Establishing Trusts In Gibraltar - Procedure To Establish a Blind Trust

The Blind Trust is established by obtaining the instructions from the client to form the Trust. The information required from the client is as follows:-

Details of the Assets

Valmet needs to know the type and scope of the assets to be held by the Blind Trust.

Name of the Blind Trust

The client should stipulate the name of the Blind Trust which may be anything and in any language. Generally, Blind Trusts to not bear names relating in any way to the Settlor.

Draft Letter of Wishes

The client should supply in their own words the way they would like their Letter of Wishes drafted. The information should include the order in which the beneficiaries are to benefit and in what manner incorporating such restrictions as access to capital and income which may depend upon age and other criteria. Valmet will redraft the Letter of Wishes into a clear legal statement for the Settlor's signature.