Strata Notice savings account

With incapacity issues on the rise, what can trustees do to mitigate against, and manage the impact of, a settlor or other key person's incapacity (and the possibility of undue influence) on existing and new trust structures? This article considers some scenarios that a trustee may face in this context along with guidance provided by case law and offers some practical suggestions.

Jaco Van Jaarsveld TEP, Head of Fiduciary Services, Mauritius, outlines the digital innovation and transformation made in the Asia Pacific region in recent years

The offshore wealth management industry stands at a crossroads, shaped by ongoing regulatory changes, advancements in technology, and the shifting needs of a more global client base. For decades, offshore banking has provided an essential service to individuals and families looking to manage their wealth across borders. Yet, as regulatory frameworks tighten and client expectations evolve, our industry must adapt, finding innovative ways to deliver not only security and efficiency but also exceptional client outcomes.

If you’re reading this article, then you’re probably exploring your options while deciding which offshore bank account to open. Fortunately, your financial options have broadened and become more accessible as the world has become more globalised and inter-connected.

Families choose to establish trusts for many different reasons. It may be to ensure that wealth is passed between generations in a controlled manner; to provide some form of jurisdictional and asset diversification; to ensure that assets are protected from political or economic volatility, or simply to ensure that wealth passes between generations without the delays and stress of the probate process.

It is true that traditional wealth planning is being revolutionised by the influence of the next generation (the “Next Gen”).