Our team of experts will help you with planning, protecting and preparing for the distribution of your assets in accordance with your intentions to your loved ones.
Our fiduciary services platform is provided by Leno Trust Ltd, a Bahamian company, licensed and regulated by the Central Bank of The Bahamas. Planning for the future can be simple. Protecting your assets as you earn them can be achieved! Ensure that your intentions for distributing your assets to your loved ones is decided by you and not the courts with the comfort of knowing that your intentions are upheld.
Leno as a fiduciary service provider will meet with you in developing your trust deed, discussing and clearly understanding your intentions for the assets during your lifetime and for your loved ones thereafter.
There are various ways to structure your trusts including:
Company Management – Leno can take on the responsibility of company management for you, allowing you to focus on growing your wealth.
Generation after generation homeownership has remained an ideal for many. In recent years there has been a global generational and cultural shift in buyer habits. A 2019 Statista survey notes that millennials under the age of 35 had the “most pessimistic outlook” on purchasing homes. Due to the mammoth combination of economic factors and financial …Posted by Gerrad Harris-Smith 17 Feb 2021
Amid the COVID-19 global pandemic, U.S financial markets saw an explosion of retail trading activity as individual investors fell in love with the world of stocks. Popular brokerage apps such as Robinhood, E-Trade, and TD Ameritrade empowered retail traders, giving them a voice in a marketplace that billion-dollar trading firms primarily dominated. The “little guys” …Posted by Gerrad Harris-Smith 7 Feb 2021
Having undergone legal, technical and public scrutiny by regulators, in addition to robust investment analysis by respected investors, over the course of more than a decade, a balanced view has begun to take shape whereby Bitcoin is emerging to be perceived as “digital gold”. Ironically, a few years back, the big banks were only interested …Posted by Gerrad Harris-Smith 26 Jan 2021
While Bitcoin and gold can both generate the desired diversification effect from inclusion in traditional portfolios as a hedge, Bitcoin outperforms gold in several ways which could very well serve as predictors of superior value appreciation over the long run: Generational Shift in Investing Behavior: Bitcoin represents a generational shift in investing behavior, potentially a …Posted by Gerrad Harris-Smith 26 Jan 2021
When constructing an investment portfolio, diversification is essential to mitigate against investment risk caused by the natural price fluctuations seen in financial markets. In an effort to offset some of that inherent volatility, many investors naturally seek to hedge their traditional portfolio positions with alternative assets. The approach of adding to the portfolio mix from …Posted by Gerrad Harris-Smith 26 Jan 2021
Once considered a privilege for the wealthy, trusts are increasingly popular among all who understand the power of planning. They want to protect and grow their assets while alive and ensure they are distributed according to their wishes after their demise without the requirement, expense or delay of probate — in confidentiality and privacy. But …Posted by Gerrad Harris-Smith 26 Jan 2021
A trust is a contractual agreement with three primary parties (1) Settlor (2) Trustee and (3) Beneficiaries. Each of these parties have powers, duties and rights pertaining to the assets settled in the trust.
A trust can be settled by a legal (incorporated entity) or a natural person or persons (individuals). Trusts can be settled with minimum $100 initial assets with additional assets being added on an ongoing basis.
Basically, anything can be held in a trust. (i)Financial Assets – Cash, securities, bonds, Shares of Funds, Rights, Options, (ii) Shares of private companies (iii)Real estate – (transfer would be subject to conveyancing and duty, exception being where trust has beneficiary restrictions) (iv)Jewelry, (v)Artwork (vi) Assets located within our outside The Bahamas etc.
Yes! Based on the terms of the deed a trust can be revoked or fully distributed. Normally a Settlor would retain the power to revoke the trust.
Any person (legal or natural) can be named as a Beneficiary to a trust. Normally family members and loved ones are named as Beneficiaries, however charities, foundations, churches or other organizations which the Settlor may wish to benefit from the assets settled in the trust can be also be named.
There are several differences between a trust and a will. Primarily a will is required to be probated subsequent to the Testator’s demise. A trust which is already established will continue functioning as it was prior to a Testator’s demise. Time period for the probate process may delay access to assets. The trust will continue to function without interference or delay and access to assets is immediate.
The Trustee receives at the time of establishing the discretionary trust a Letter of Wishes (LOW) from the Settlor. This letter provides the Trustee with guidance as to the actions the Settlor would take in administering and distributing the assets of the trust.
It is standard for the Settlor to be named as Beneficiary to the trust. This would allow him or her to receive distributions from the trust. Distributions can be requested by a Beneficiary from time to time as needed over the life of the trust.
There are varying types of trusts. The principle concept of the fiduciary relationship is the same, however the terms within each deed can differ, ie., a trust can be revocable or irrevocable, amendable or unamendable, have a specific period or purpose, have discretionary or fixed interest, and other variables.
Yes, Leno offers Private Trust Companies (PTC), Foundations, Purpose Trusts, Unit Trusts, all of which can be used along with corporate structures to meet wealth and succession planning needs
The cost of setup and administration for a trust depending on the complexity of the structure and time involved with the administration. Costs can be fixed or scalable based on the value of the assets under administration. Fees are discussed and agreed at the time of acceptance of the business.