Share your needs with us, get contacted by law firms.
Free. Takes 2 min.
Or refine your search by selecting a city:
Refine your search by selecting a city.
Trusts in Curaçao are governed by the "Curaçao Trusts Ordinance" which was introduced in 1990. A trust is a legal arrangement where a person (the settlor) transfers assets to a trustee who holds and manages the assets for the benefit of a third party (the beneficiary). Trusts are commonly used for asset protection, estate planning, and wealth management purposes.
You may need a lawyer for assistance in setting up a trust, interpreting trust documents, resolving disputes involving trusts, or ensuring compliance with local laws and regulations relating to trusts in Curaçao.
Key aspects of local laws that are relevant to trusts in Curaçao include the ability to create a trust, the duties and powers of trustees, the rights of beneficiaries, and the tax implications of trusts. Curaçao has a favorable legal framework for trusts, making it an attractive jurisdiction for trust formation.
A trust is a legal arrangement where one party (the trustee) holds assets on behalf of another party (the beneficiary) for specific purposes.
Yes, Curaçao allows for the creation of trusts under the Curaçao Trusts Ordinance.
The duties of a trustee include managing trust assets, acting in the best interests of the beneficiaries, and following the terms of the trust agreement.
Trusts in Curaçao are subject to taxation on income and capital gains, but there are exemptions and incentives for certain types of trusts.
Depending on the trust agreement and local laws, it may be possible to amend the terms of a trust with the consent of all parties involved.
If a trustee breaches their duties, beneficiaries may have legal recourse to recover damages or remove the trustee from their position.
By creating a trust and transferring assets into it, you can protect your assets from creditors, legal claims, and other risks.
While it is possible to create a trust without a lawyer, legal advice is highly recommended to ensure the trust is properly structured and complies with all legal requirements.
A protector is a third party appointed in a trust to oversee the trustee's actions and ensure the trust is managed according to the settlor's wishes.
A lawyer can provide legal advice, represent you in court, and help resolve trust disputes through negotiation, mediation, or litigation.
For additional information and assistance with trusts in Curaçao, you may consider contacting the Curaçao Bar Association, the Ministry of Justice, or a local law firm specializing in trusts and estates.
If you require legal assistance in setting up a trust, managing a trust, or resolving trust-related issues in Curaçao, it is advisable to consult with a qualified trusts lawyer who can guide you through the process and protect your interests.
