Establishing Trusts In Gibraltar - The Blind Trust Structure

The elements of the blind trust are as follows:

The Trust Deed

The Trust Deed can be specific or broadly written, and the Trustees are legally bound by The Deed and obligated to operate within its stated objectives.

Nominee Settlor and Settlor

The Blind Trust is established by a Nominee Settlor, which is a Valmet company, and the actual Settlor settles the assets.

Named Beneficiary

The Named Beneficiary in the Trust Deed is a charity of The Settlor's choice which receives a nominal sum each year. The actual beneficiaries are only stated in The Letter of Wishes.

Letter of Wishes

The Letter of Wishes can be altered at any time during the Settlor's lifetime and is written as a request to the trustees as to how the assets of the trust are to be dealt with. In this letter the Settlor will state how he would like the assets managed and distributed, both the income arising and the capital. In effect, The Letter of Wishes deals with the asset distribution in a