07Jul

Malta – Family Trust Company

7 July 2016 Acumum Legal & Advisory 2

Family Wealth

&
Family Trust Company

A Malta Family Trust Company is Malta’s latest initiative to service families, as Malta is a particularly favourable jurisdiction in which to establish family wealth structures.
Providers of both trusts and foundations in Malta are highly regulated by the Malta Financial Services Authority.

In conjunction with Malta’s tax and fiscal rules, the establishment of holding, operating, investment and special purpose vehicles, including trusts and foundations.

Family Trust Companies
Legislation enacted pursuant to Article 52(3), amending the Trusts and Trustees Act has resulted in the introduction of the concept of Family Trusts Companies – property settled upon trust for the present and future needs of family members and family dependants.
Family Trust Companies offer some very interesting opportunities for HNWI’s and families who favour a tailor -made trustee solution in which they can actively take part on a formal or informal basis, especially when compared to the mainstream professional or institutional trustees.

Family Trust Companies that satisfy the prescribed legal requirements are not required to obtain full authorisation, although they must apply for registration with the Malta Financial Services Authority and adhere to on-going compliance and other regulatory conditions.

set up as a company (Ltd) with objects and activities limited to acting as a trustee to
specific settlors in respect of the family estate, for the benefit of the family members
maximum of 5 settlors
minimum of 3 board directors – one of which must have knowledge of trust law and administration
limited to acting as a trustee to specific settlors in respect of the family estate, for the benefit of the family members
Money Laundering Reporting Officer (MLRO) required

Acumum’s Service Offering

Our essential starting point when advising on establishment, restructuring & re-domiciliation, is to understand the particular circumstances & dynamics of the family & the purposes of the office. This provides the framework for effective & enduring legal & structuring advice.

Organising the implementation & on-going maintenance of family wealth & investment structures
Establishment of family trusts / foundations & family trust companies
Acting as ‘knowledgeable’ director of family trust companies
Ensure on-going legal & regulatory compliance
Regular asset summaries, activity reports & accounts
Oversight of asset, investment strategies and 3rd party providers
Preparation of management and financial accounts

Our overall aim is to ensure that the operating & tax structures are established & governed sensibly, as well as run efficiently & effectively.

More Information: Trusts – Foundations – Family Wealth & Estate Planning

About Acumum – Legal & Advisory

Acumum Legal & Advisory is a well-established set of multidisciplinary legal, tax and accounting firms located and managed in the tax efficient EU jurisdiction of Malta. It operates as a full service law firm with services including aviation, corporate formation, accounting, estate & wealth planning, taxation, intellectual property and more. The firm is overseen by Geraldine Noel, a British barrister – registered in Malta, working alongside an expert team of lawyers and accountants with extensive specialist commercial and private client expertise, particularly to an individual, corporate and family office clientele.

30Jun

Acumum Sponsors STEP Global Conference

30 June 2016 Acumum Legal & Advisory 1

Acumum is very honoured to be able to sponsor the STEP Global Conference, being held in Amsterdam between 30th June – 1st July.

STEP – Society of Trusts & Estates Practitioners – is the leading practitioner organisation in the fields of trusts, foundations, estates, family office and wealth planning.

Acumum’s Managing Partner, Geraldine Noel, will be attending the conference and welcomes the opportunity to meet other practitioners and service providers in these fields. Please feel free to contact Geraldine Noel – gnoel@devsrv.globalmark.mt.

About Acumum – Legal & Advisory

07Nov

Family Office Conference 2015 – Acumum Invited To Attend

7 November 2015 Acumum Legal & Advisory 1

Acumum invited to attend Family Office Wealth

Management & Structuring Conference

Following last year’s innovative and excellent Family Office conference, Acumum’s Managing Partner has been invited again to attend this year’s Campden Wealth conference to be held in London on 21 and 22 April 2015.

This year’s conference theme is ‘Transparency, Transition and Communication’ and is expected to be as informative and practical as the Family Office event held in 2014.

From feedback obtained from participants, last year’s conference was undoubtedly a successful event, as the select advisers, speakers and members of various Family Offices were able to discuss pertinent topics ranging from effective, long – term organisation structuring, compliance issues, and the fraught process of advisory selection.

On the basis of Geraldine Noel’s participation in 2014, Geraldine has been invited to attend this year’s conference.

Acumum – Legal & Advisory, established in the tax and fiscal efficient jurisdiction of Malta can provide a range of services to single and multi Family Offices, including:

Legal, Compliance and Accounting Services
Net Worth Management
Risk Management
Tax and Structure Planning
Estate and Succession Planning
Philanthropic Planning
Governance and Education
Ongoing Management
Consolidated Reporting
Administrative Services
Referral Services
Adviser Coordination

If you are part of a or an adviser to a Family Office and you would like to discuss the needs of a particular or group of families, during the conference or at another time, kindly contact:

trusts