Preserve & manage your wealth for generations

Cannon Asset Management has extensive experience in the establishment, administration, and management of trusts. We understand that your financial freedom is important to you, which is why we facilitate means for asset protection in the form of trusts.

Trusts are legal and binding agreements where the settlor transfers assets to another party known as the trustee to hold for the benefit of beneficiaries.

Our range of services allows us to establish and manage trusts and companies for private and corporate clients.

We provide our clients personal, exceptional service and, above all, trust. Included within these services is the formation of an asset protection trust to ensure your peace of mind.

As experts familiar with the wider global market, we nurture multi-generational relationships with our clients. Experience has allowed our team to support high-net-worth individuals and their families. We facilitate collaborations between clients, their advisors and share our network of field experts to ensure the best outcome for our clients’ needs.

The benefits of trusts include asset protection, estate planning, wealth preservation, efficient tax planning as well as protection from political unrest.

Our Trust Structure Offerings

Discretionary Trusts

A flexible option if you cannot predict the needs of Beneficiaries.

When would I need a Discretionary Trust? When discretion is a top priority, we recommend this option as it allows trustees the power to administer and exercise discretion on the best way to distribute the funds.

Fixed Trusts

This trust involves the Settlor and Beneficiaries having the power to decide the proportions and timings of the distributions to the beneficiaries.

When would I need a Fixed Trust? This is a popular option in inheritance planning

Reserved Powers Trusts

This option allows the Settlor more powers of trust and trust property than with a fixed trust option.

When would I need a Reserved Powers Trust? This kind of trust may be fitting if tax is not an overriding factor.

Private Trust Companies

Incorporated to act as a trustee for a closely defined or connected group, this option is suitable for families wishing to create one or more trusts for various purposes.

When would I need a Private Trust Company? A PTC can offer greater control, for you and your family members. Close advisors may serve on the board of directors. Guernsey Private Trust Companies require approval from the Guernsey Financial Services Commission.

Sharia-Observant Trusts

It is possible to take Sharia law into consideration when creating succession planning and a trust structure.

When would I need a Sharia-Observant Trust? This can permit you to observe the Islamic faith while preserving and transferring assets to your beneficiaries. Trust deeds can be bespoke to your family needs.

Charitable Trusts

This is a trust set up for charitable purposes.

When would I need a Charitable Trust? This trust is suitable as it may qualify for exemption from income tax and Capital Gains Tax provided that it carries on an approved public benefit entity.

Purpose Trusts

This type of trust is set up for a specific purpose.

When would I need a Purpose Trust? It can be used in corporate transactions to hold assets or create orphan shares. It can also serve as an asset protection trust to protect heirlooms or shares of a family business.

Foundations

This is a separate legal personality that exists in the same way that a person in a company exists.

When would I need a Foundation? Foundations do not have any shareholders, and assets are held for the benefit of beneficiaries or for a specified purpose which can be created as charitable, non-charitable, or a mixture of both.

Additional services:

Companies

Depending on your circumstances, the formation of a company may be suitable. By measuring your goals and financial needs, your team of Cannon experts will offer a strategy to encourage longevity and growth.

The formation of a company is not reliant upon a trust structure. However, where a trust structure is in place, the company may be owned exclusively by the trust.

Your team at Cannon will provide comprehensive services based on your situation. These include solutions in:

Company formation in a variety of onshore and offshore jurisdictions.
Provision of company directors, company secretary, and nominee shareholders.
Company management and administration.
Bookkeeping and accounting services using a multi-currency accounting system, including preparation of annual accounts.
Maintenance of company statutory records and filing of all necessary returns.

Family Office

Cannon Asset Management is made up of experienced experts who build relationships that span across multiple generations. Our aim is to exhibit a united team of dedicated individuals equipped to serve your needs in the formation, administration, management and protection of family assets.

Our personalised service offerings are trusted and discreet and come equipped with the know-how and understanding that is required to run a family office. We work as a team with your family members and trusted advisors to achieve your goals.

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