At NBK Wealth, we understand the importance of the preservation of family wealth and planning for future generations. Effective future planning - which can include wills, estate planning, and offshore trusts - can ensure your wealth is secured for future generations. The benefits of an offshore structure include:
- Succession protection (Sharia’a/Non-Sharia’a Compliant)
- Asset protection
- Consolidation of global assets into one more manageable structure
- Effective transfer of the family business to the next generation
- Tax efficiency
In addition to NBK SAKP's own Trust Company, NBK Trustees (Jersey) Limited, we have referral arrangements with four leading Trust service providers who can assist with the set-up and management of an offshore structure in a number of key jurisdictions across the world. These structures are fully managed on your behalf by qualified and regulated personnel who will work with you throughout your lifetime and with the generations that follow.
We also understand that personal and business needs change over time, and we will work with you to ensure the structure continuously meets these needs.
Through our dedicated team of Trust professionals in London, we will analyze your requirements and, in partnership with you, create a structure that meets those needs. Those structures could include:
- Discretionary Trusts
- Reserved Powers Trusts
- Foundations and corporate structures
- Private Trust Companies
- Family Office structures
Our NBK Wealth team in London has many years of experience working with offshore structures and visits the GCC regularly.
To learn more about how an offshore structure could benefit you, please ask your Private Banking Manager or contact the Trusts & Estates team in London.