Reserved Powers Trusts
There are many reasons why a person may wish to reserve specific
powers and in doing so, allow them a greater degree of control over
the management of the trust fund.
In situations where there is a family business and he or she
wishes to stay involved in the decision making process, it may be
appropriate to retain certain powers. There may be situations where
they wish to retain specific powers that would enable them to
direct the trustee as to the investment of the trust fund. However,
the extent to which powers can be reserved is dependent on the
settlor's residence and personal circumstances.
For further information please contact us at