Security and Privacy are Your Rights!
This section promotes the Nevis International trust and lists the main advantages of the Nevis trust. It also contains the full list of documents required for the offshore trust formation and the other legal requirements. Link to the trust formation form is located on the page and includes pricing for the package for the Nevis trust.
Nevis Trust Ordinance 1994 is the current international trust law in Nevis. International trusts are used by individuals, families and corporations for many reasons, more particularly for estate, succession and tax planning, for protection against spendthrift habits and for privacy (the content of a trust are not public).
When a trust is used in place of a will, the wishes of the settlor can be carried out privately, without the high cost and time of the probate process. Unlike a will, the details of the offshore trusts are not public information.
Nevis trusts can be set up as revocable or irrevocable trusts, each with preferential uses. The irrevocable trust is better suited for asset protection purposes as it is an international trust that cannot be withdrawn (annulled, reversed, repealed, overturned) or changed easily. On the other hand, the revocable trust is better for estate planning as the settlor can change or amend or cancel the trust at will. The revocable Nevis trust is not the best option if the main purpose of the offshore trust is for asset protection since, by interpretation, the settlor changes the details or cancels the trust at any time, and the ownership of the assets can easily be reverted to the settlor.
Nevis Exempt International Trusts:
All Nevis Offshore Trusts benefit from:
The application document for Nevis trust formation is a prescribed Registration application. This application should contain:
After successful formation, a Certificate of Registration for the offshore trust is prepared by the registry. The existence of the trust is registered and legitimatized in the process but the instructions and the content of the trust, in the form of a trust deed are known only to settlor and who the settlor deems necessary.
Offshore trusts provide sound asset protection as the property placed into a trust is legally separate from the settlor (the creator) and no longer makes up part of the settlor’s estate; assets in the trust cannot be included in any matters concerning the settlor’s estate such as divorce settlements, lawsuit settlements, or other claims.
Trusts are widely used in common law territories for estate, succession and tax planning, for protection against spendthrift habits and for privacy (the content of a trust are not public). Whenever a trust is used in place of a will, the wishes of the settlor can be carried out privately and without the high cost and time that come with the probate of wills. Unlike a will, the details of trusts are NOT public information.