Trusts in Prime Jurisdictions

About this book

This book features contributions by various authors with regard to the use of trusts. As globalization continues, opportunities are arising for practitioners in trust jurisdictions that did not exist a few years ago. Growth continues in the traditional trust jurisdictions, especially in civil law jurisdictions where trusts have previously been used in a limited capacity. In parallel, the concept of the foundation has been adopted by a number of common law jurisdictions that until recently have relied exclusively on the trust. This edition features fully updated chapters plus new chapters on Quebec, Hong Kong, Singapore, Israel, what it means to be a fiduciary, Islamic (waqf) trusts, and trusts in relation to divorce, among others. It also examines related topics, including trust taxation, anti-money-laundering laws, the OECD initiative and the notion that countries are entitled to collect taxes beyond their borders.