Choosing A Trustee You Can Trust

Having made the decision to establish a trust offshore, clients and their advisers will give a lot of thought to the jurisdiction in which the trust is to be created. The location will be selected due to perhaps geographical location, political stability, legal system or the range of potential trustees which have operations in the jurisdiction.

Much has been written on the differences between the offshore jurisdictions available to clients but there is little on the process of choosing a trustee. So what should clients consider when making what can be a very crucial decision?

Often the first question asked by clients is what level of fees will be incurred? Whilst this is a most understandable question it is perhaps something which should be considered after a number of other issues have been covered.