Celebrity Products

1 VISTA Trust

• Trustee disengaged from the management of BVI BC -> “Prudent man of business rule” eliminated;
• Director with decisive powers and no involvement from the shareholder;
• Office of director rule;
• Assets:
  • Shares of Operating Companies;
  • Speculative Portfolio;
  • Family Business;
  • Yacht, Aircraft, Hotel, etc.

2 Share Trust

• Based on VISTA principles;
• For Succession planning only, need arose due to conversion of bearer share -> registered share (probate procedures);
• Confidentiality ensured; 
• Flexibility - call Option in favor of the settlor; 
• Cost and time efficient.

3 Private Trust Company

• Alternative to the VISTA trust;
• High degree of control over trust assets – Settlor usually director of PTC;
• No requirement for:
  • license;
  • capitalization;
  • local presence.

4 Foreign Grantor Trust

• Non-US settlor with US beneficiaries (a common scenario);
• No income tax for the US Beneficiary during the Grantor’s lifetime;
• No estate tax;
• Proper planning to be done upon death of the Grantor.

5 Mutual Funds