ace trust in provides trust management services and family office management services across jurisdictions .the scope of our srvices are called out below :
CREATION OF TRUST IN MULTIPLE JURISDICTIONS:
Internal administration, including bookkeeping and treasury;
Management reporting for business/employee performance evaluation, budgeting, etc.
Billing and collection services for all services rendered to your client entities, including the preparation and sending of invoices and reminders, and actual collection activities.
Compliance services, including initial screening of new clients and annual compliance reviews to confirm each entity’s good standing;
Accounting and tax services specifically for trusts and Company entities
Legal support services, including the preparation of draft legal documents and government filing forms in jurisdictions where we have our own representative office, we can also assist in the actual filing of the government forms.
Accounting and tax services specifically for trusts and underlying companies. These services can be rendered in white label format;
FAMILY OFFICE MANAGEMENT SERVICES :
We offer our services to Global Family Offices. These are a range of often complex services for families which operate globally who desire wealth preservation and the efficient transfer of assets to the next generations. Maintaining family wealth across generations is extremely complex, and families desire the facilitation of the inter-generational transfer of wealth, as well as a reduction in intra-family disputes. Creating and managing a global family office addresses these key issues, with which ACE TRUST IN’s international platform and global network can support and implement.
We work with global families originating in diverse countries throughout the world. We deliver personalized service and management of Ultra High Net family wealth by utilizing a 360ᵒ approach in terms of a clear understanding of complex needs under a more regulated environment, understanding the family’s needs and desired goals in a compliant manner. We constantly update and inform the family decision makers on how their assets and structures are performing. We also aim to generate higher returns from servicing families in a more efficient and coordinated manner.
Why create a family office?
Increasing numbers of family offices have been set up during the last decade, and this trend shows no sign of declining. Indeed, with continuing wealth concentration, the natural desire of families to pass on assets to the next generations, and with rising globalization, there is every reason to expect more family offices to be established.
However, smaller single-family office cannot absorb increase cost of Anti money laundering compliance and administration and are consolidating with others into Multi Family Offices or closing down. In this case ACE TRUST IN can create a Virtual Family Office for families looking to achieve the benefits of a family office managing their financial and other affairs, but who do not wish to set up an actual company to do so.
They can opt for this solution by outsourcing all services to external providers of services and consultants.
Maintaining family wealth across generations is extremely complex, and families desire the facilitation of the inter-generational transfer of wealth, as well as a reduction in intra-family disputes. Creating and managing a global family office addresses these five core issues:
· Governance structure
· Interest alignment
· Higher returns through optimised Investments
· Distinction between family business and family wealth
· Centralization of services