UK

 

Trusts which are administered by an English trustee in conjunction with other trustees may be treated as either “onshore” or “offshore” for tax purposes, depending on the residence and domicile of the settlor of the trust at the time it was established or funded. 
 
It is therefore possible to provide both tax resident UK trusts as well as offshore trusts with some administration being carried out in the UK in appropriate circumstances. Summit Trust Company Ltd is an English trust corporation and was established in 1962 as part of a merchant banking group and joined the Summit Trust Group in 2004. English trust law is the foundation for trust laws internationally and in recent years has been modernized. The English Chancery Court is highly-regarded and the use of English law as the governing law of a trust is often a well-informed choice.