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ARTICLE · 18 JANUARY 2023

Establishing A Trust In Malta And Why It Can Be So Beneficial

Dixcart Group Limited
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With the Great Wealth Transfer currently taking place, a Trust is a vital tool when it comes to succession and estate planning.

MaltaFinance and Banking
Jonathan Vassallo
Jonathan Vassallo

Background: Malta Trusts

With the Great Wealth Transfer currently taking place, a Trust is a vital tool when it comes to succession and estate planning. A Trust is defined as a binding obligation between a settlor and trustee or trustees. There is an agreement that stipulates the transfer of the legal ownership of property by the settlor to the trustees, for purposes of management and for the benefit of the nominated beneficiaries.

There are two types of Trust which are commonly utilised in Malta, depending on the specific needs of the individuals and desired purpose of the Trust:

  • Fixed Interest Trust – the trustee has no control over the interest to be given to the beneficiaries. The Trust therefore defines the interest.

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